Albany International Corporation (AIN)

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	1,127,205	1,085,916	1,071,101	1,052,195	1,027,602	996,333	962,423	937,136	913,292	900,890	882,355	873,190	889,853	925,016	986,423	1,038,464	1,054,073	1,047,973	1,028,773	1,010,273
Property, plant and equipment	US$ in thousands	601,989	566,974	451,986	450,254	445,658	411,139	419,142	431,860	436,417	426,806	438,392	435,976	448,554	442,469	443,046	446,890	466,462	449,299	458,038	460,520
Fixed asset turnover		1.87	1.92	2.37	2.34	2.31	2.42	2.30	2.17	2.09	2.11	2.01	2.00	1.98	2.09	2.23	2.32	2.26	2.33	2.25	2.19

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,127,205K ÷ $601,989K
= 1.87

Albany International Corp.'s fixed asset turnover ratio has shown some fluctuations over the past eight quarters. The fixed asset turnover ratio measures how efficiently the company is generating revenue from its investment in fixed assets. A higher ratio indicates that the company is utilizing its fixed assets more effectively to generate sales.

The data provided shows that the fixed asset turnover ratio ranged from 1.91 to 2.37 during Q1 2022 to Q2 2023. The ratio peaked at 2.37 in Q2 2023, indicating that the company generated $2.37 in sales for every dollar invested in fixed assets during that quarter. This suggests that Albany International Corp. was able to efficiently utilize its fixed assets to drive revenue.

Overall, the trend in the fixed asset turnover ratio appears to be relatively stable over the past eight quarters, with some minor fluctuations. It is important for the company to continue monitoring and managing its fixed assets effectively to maintain or improve its fixed asset turnover ratio in the future.