US Foods Holding Corp (USFD)

Fixed asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	35,258,000	33,807,000	29,252,000	22,664,000	25,756,000
Property, plant and equipment	US$ in thousands	2,280,000	2,171,000	2,033,000	2,021,000	2,075,000
Fixed asset turnover		15.46	15.57	14.39	11.21	12.41

December 31, 2023 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $35,258,000K ÷ $2,280,000K
= 15.46

The fixed asset turnover ratio of US Foods Holding Corp has displayed a fluctuating trend over the past five years. It increased from 12.41 in 2019 to 15.57 in 2022 before experiencing a slight decline to 15.46 in 2023. This ratio indicates that the company generated $15.46 in sales for every dollar invested in fixed assets in 2023. Overall, US Foods Holding Corp has efficiently utilized its fixed assets to generate revenue, with a generally increasing trend in the ratio, demonstrating improved operational efficiency over the years.

Peer comparison

Dec 31, 2023

Company name

Symbol

Fixed asset turnover

US Foods Holding Corp

USFD

15.46