US Foods Holding Corp (USFD)
Total 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 |
| Total assets | US$ in thousands | 13,187,000 | 13,272,000 | 13,029,000 | 13,038,000 | 12,773,000 | 13,242,000 | 13,033,000 | 12,960,000 | 12,521,000 | 13,117,000 | 13,064,000 | 13,000,000 | 12,423,000 | 12,796,000 | 13,529,000 | 11,984,000 | 11,288,000 | 11,526,000 | 9,339,000 | 9,391,000 |
| Total asset turnover | 2.68 | 2.63 | 2.67 | 2.65 | 2.65 | 2.49 | 2.45 | 2.37 | 2.34 | 2.12 | 1.97 | 1.74 | 1.82 | 1.83 | 1.78 | 2.17 | 2.28 | 2.16 | 2.62 | 3.23 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $35,334,000K ÷ $13,187,000K
= 2.68
The total asset turnover for US Foods Holding Corp has shown fluctuation over the past few periods, ranging from a low of 1.74 in March 2021 to a high of 3.23 in March 2019. Generally, the company has demonstrated a relatively consistent ability to generate revenue from its assets, with the ratio hovering around the 2.00 mark in recent periods.
The ratio reached its highest point in March 2019 at 3.23, indicating that the company was efficiently utilizing its assets to generate revenue at that time. Subsequently, the ratio experienced a decline before stabilizing around the 2.00 range in the most recent periods, suggesting a moderate level of asset efficiency.
Overall, the trend in the total asset turnover ratio for US Foods Holding Corp indicates that the company has maintained a reasonable level of asset utilization to drive revenue generation, albeit with some variability in performance. Further analysis of operational efficiencies and asset management practices may provide deeper insights into the company's ability to optimize its asset utilization.
Peer comparison
Dec 31, 2023