US Foods Holding Corp (USFD)

Fixed asset turnover

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	35,334,000	34,920,000	34,768,000	34,604,000	33,806,000	32,948,000	31,936,000	30,778,000	29,252,000	27,747,000	25,692,000	22,580,000	22,648,000	23,445,000	24,148,000	26,052,000	25,755,000	24,877,000	24,499,940	30,367,940
Property, plant and equipment	US$ in thousands	2,280,000	2,187,000	2,173,000	2,172,000	2,171,000	2,075,000	2,049,000	2,022,000	2,033,000	1,988,000	1,976,000	1,987,000	2,021,000	2,055,000	2,121,000	2,105,000	2,075,000	2,029,000	1,836,000	1,849,000
Fixed asset turnover		15.50	15.97	16.00	15.93	15.57	15.88	15.59	15.22	14.39	13.96	13.00	11.36	11.21	11.41	11.39	12.38	12.41	12.26	13.34	16.42

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $35,334,000K ÷ $2,280,000K
= 15.50

The fixed asset turnover ratio of US Foods Holding Corp has shown a generally increasing trend over the past five quarters, from 11.21 in September 2020 to 16.00 in June 2023. This indicates that the company is generating more revenue per dollar invested in fixed assets. The ratio peaked at 16.00 in June 2023, suggesting efficient utilization of fixed assets to generate sales. However, it is essential to monitor this ratio over time to ensure that the company continues to effectively manage its fixed assets for optimal revenue generation.

Peer comparison

Dec 31, 2023

Company name

Symbol

Fixed asset turnover

US Foods Holding Corp

USFD

15.50