Treehouse Foods Inc (THS)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,431,600 | 3,454,000 | 2,945,900 | 2,994,300 | 4,288,900 |
| Property, plant and equipment | US$ in thousands | 737,000 | 640,400 | 697,900 | 1,066,100 | 1,045,200 |
| Fixed asset turnover | 4.66 | 5.39 | 4.22 | 2.81 | 4.10 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,431,600K ÷ $737,000K
= 4.66
Fixed asset turnover is a financial ratio used to measure a company's ability to generate revenue from its investment in fixed assets. An increasing trend in fixed asset turnover over the years indicates that Treehouse Foods Inc has been more efficient in utilizing its fixed assets to generate sales. The company's fixed asset turnover ratio has shown fluctuations over the past five years, ranging from 4.07 to 5.18. The highest ratio of 5.18 in 2022 suggests that for every dollar invested in fixed assets, Treehouse Foods generated $5.18 in sales revenue. Overall, the company's fixed asset turnover performance has been relatively strong, demonstrating efficient utilization of its fixed assets to generate sales revenue.
Peer comparison
Dec 31, 2023