US Foods Holding Corp (USFD)
Total 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 |
| Total assets | US$ in thousands | 13,187,000 | 12,773,000 | 12,521,000 | 12,423,000 | 11,288,000 |
| Total asset turnover | 2.67 | 2.65 | 2.34 | 1.82 | 2.28 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $35,258,000K ÷ $13,187,000K
= 2.67
US Foods Holding Corp's total asset turnover has shown a general increasing trend over the past five years, indicating an improvement in the company's efficiency in generating revenue from its assets. The total asset turnover ratio measures the ability of a company to generate sales from its assets, and a higher ratio suggests that the company is more efficient in utilizing its assets to generate revenue.
In 2023, the total asset turnover ratio for US Foods Holding Corp was 2.67, which indicates that the company generated $2.67 in sales for every $1 of assets at the end of the fiscal year. This was a slight increase from the previous year's ratio of 2.65. The steady improvement in the total asset turnover ratio suggests that the company has been more effective in managing its assets over the years.
Comparing the total asset turnover ratio to industry benchmarks and historical data can provide further insights into the company's operational efficiency and asset utilization. Overall, the increasing trend in US Foods Holding Corp's total asset turnover ratio reflects positively on the company's ability to efficiently generate revenue from its asset base.
Peer comparison
Dec 31, 2023