Treehouse Foods Inc (THS)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,354,000 | 3,431,600 | 3,297,100 | 2,814,300 | 4,349,700 |
| Total assets | US$ in thousands | 3,980,000 | 4,106,600 | 4,253,900 | 5,207,000 | 5,485,700 |
| Total asset turnover | 0.84 | 0.84 | 0.78 | 0.54 | 0.79 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,354,000K ÷ $3,980,000K
= 0.84
Treehouse Foods Inc's total asset turnover has shown some fluctuations over the years. In 2020, the total asset turnover ratio was 0.79, indicating that the company generated $0.79 in sales for every $1 of assets. However, there was a decrease in 2021 with a ratio of 0.54, suggesting a decline in sales generated per dollar of assets.
There was a notable improvement in 2022, as the total asset turnover ratio increased to 0.78, indicating a more efficient utilization of assets to generate sales. The trend continued in 2023 and 2024, with ratios of 0.84 for both years, showing further improvement in asset efficiency.
Overall, despite the fluctuations, Treehouse Foods Inc has made progress in optimizing its asset turnover, which is important for maximizing revenue generation from its asset base.
Peer comparison
Dec 31, 2024