How does an asset get compiled? It’s less of a pipeline and more of a recursive ball of, well assets. To understand the process we will, start off with an asset with no directives (no require at the top). We’ll then walk through all the steps Sprockets goes through until a usable asset is loaded into memory. For this example we will use a js.erb file to see how a “complex” file (i.e. multiple extensions) type gets compiled. All examples are with Sprockets 4 (i.e. master branch).

Read full article here : https://www.schneems.com/2016/12/20/how-the-f-does-sprockets-load-an-asset/