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PFGC (Performance Food Group Co) Asset Turnover : 0.99 (As of Dec. 2024)


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What is Performance Food Group Co Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Performance Food Group Co's Revenue for the three months ended in Dec. 2024 was $15,638 Mil. Performance Food Group Co's Total Assets for the quarter that ended in Dec. 2024 was $15,747 Mil. Therefore, Performance Food Group Co's Asset Turnover for the quarter that ended in Dec. 2024 was 0.99.

Asset Turnover is linked to ROE % through Du Pont Formula. Performance Food Group Co's annualized ROE % for the quarter that ended in Dec. 2024 was 4.01%. It is also linked to ROA % through Du Pont Formula. Performance Food Group Co's annualized ROA % for the quarter that ended in Dec. 2024 was 1.08%.


Performance Food Group Co Asset Turnover Historical Data

The historical data trend for Performance Food Group Co's Asset Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Performance Food Group Co Asset Turnover Chart

Performance Food Group Co Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.06 3.91 5.03 4.60 4.50

Performance Food Group Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.11 1.08 1.16 1.11 0.99

Competitive Comparison of Performance Food Group Co's Asset Turnover

For the Food Distribution subindustry, Performance Food Group Co's Asset Turnover, along with its competitors' market caps and Asset Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Performance Food Group Co's Asset Turnover Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Performance Food Group Co's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Performance Food Group Co's Asset Turnover falls into.



Performance Food Group Co Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

Performance Food Group Co's Asset Turnover for the fiscal year that ended in Jun. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jun. 2024 )/( (Total Assets (A: Jun. 2023 )+Total Assets (A: Jun. 2024 ))/ count )
=58281.2/( (12499+13392.9)/ 2 )
=58281.2/12945.95
=4.50

Performance Food Group Co's Asset Turnover for the quarter that ended in Dec. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2024 )/( (Total Assets (Q: Sep. 2024 )+Total Assets (Q: Dec. 2024 ))/ count )
=15638.2/( (14396.5+17097)/ 2 )
=15638.2/15746.75
=0.99

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.


Performance Food Group Co  (NYSE:PFGC) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Performance Food Group Co's annulized ROE % for the quarter that ended in Dec. 2024 is

ROE %**(Q: Dec. 2024 )
=Net Income/Total Stockholders Equity
=169.6/4232.7
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(169.6 / 62552.8)*(62552.8 / 15746.75)*(15746.75/ 4232.7)
=Net Margin %*Asset Turnover*Equity Multiplier
=0.27 %*3.9724*3.7203
=ROA %*Equity Multiplier
=1.08 %*3.7203
=4.01 %

Note: The Net Income data used here is four times the quarterly (Dec. 2024) net income data. The Revenue data used here is four times the quarterly (Dec. 2024) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Performance Food Group Co's annulized ROA % for the quarter that ended in Dec. 2024 is

ROA %(Q: Dec. 2024 )
=Net Income/Total Assets
=169.6/15746.75
=(Net Income / Revenue)*(Revenue / Total Assets)
=(169.6 / 62552.8)*(62552.8 / 15746.75)
=Net Margin %*Asset Turnover
=0.27 %*3.9724
=1.08 %

Note: The Net Income data used here is four times the quarterly (Dec. 2024) net income data. The Revenue data used here is four times the quarterly (Dec. 2024) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


Performance Food Group Co Asset Turnover Related Terms

Thank you for viewing the detailed overview of Performance Food Group Co's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Performance Food Group Co Business Description

Traded in Other Exchanges
Address
12500 West Creek Parkway, Richmond, VA, USA, 23238
Performance Food Group Co , markets and distributes national and company-branded food and food-related products. The company also specializes in distributing candy, snacks, beverages, cigarettes, other tobacco products, health and beauty care products and other items to vending distributors, box retailers, theaters, convenience stores, drug stores, grocery stores, travel providers, and hospitality providers. The company has three reportable segments: Foodservice, Vistar, and Convenience.
Executives
George L Holm director, officer: See Remarks 3000 69TH STREET EAST, PALMETTO FL 34221
Donald S. Bulmer officer: See Remarks 12500 WEST CREEK PARKWAY, RICHMOND VA 23238
Craig Howard Hoskins officer: See Remarks C/O PERFORMANCE FOOD GROUP COMPANY, 12500 WEST CREEK PARKWAY, RICHMOND VA 23238
Patrick T. Hagerty officer: See Remarks C/O PERFORMANCE FOOD GROUP COMPANY, 12500 WEST CREEK PARKWAY, RICHMOND VA 23238
A Brent King officer: See Remarks 4951 LAKE BROOK DR, STE 500, GLEN ALLEN VA 23060
Scott E Mcpherson officer: See Remarks 395 OYSTER POINT BLVD, SUITE 415, SAN FRANCISCO CA 94080
Kimberly Grant director 150 WEST CHURCH AVENUE, MARYVILLE TN 37801
David V Singer director 13024 BALLANTYNE CORPORATE PL, SUITE 900, CHARLOTTE NC 28277
Hugh Patrick Hatcher officer: See Remarks 12500 WEST CREEK PARKWAY, RICHMOND VA 23238
Christine R Vlahcevic officer: See Remarks 1021 EAST CARY STREET, PO BOX 2350, RICHMOND VA 23218-2350
Matthew C Flanigan director LEGGETT & PLATT INC, NO 1 LEGGETT ROAD, CARTHAGE MO 64836
Laura Jean Flanagan director 395 OYSTER POINT BLVD, SUITE 415, SOUTH SAN FRANCISCO CA 94080
James D Hope officer: See Remarks 1390 ENCLAVE PARKWAY, HOUSTON TX 77077
Warren M Thompson director 4951 LAKE BROOK DRIVE, SUITE 500, GLEN ALLEN VA 23060
Barbara Beck director 5301 N IRONWOOD RD, MILWAUKEE WI 53217