AAR Corp (AIR)
Fixed asset turnover
| May 31, 2025 | May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,780,500 | 2,318,900 | 1,990,500 | 1,820,000 | 1,652,300 |
| Property, plant and equipment | US$ in thousands | — | — | 126,100 | 109,600 | 195,800 |
| Fixed asset turnover | — | — | 15.79 | 16.61 | 8.44 |
May 31, 2025 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,780,500K ÷ $—K
= —
The fixed asset turnover ratio for AAR Corp over the period from May 31, 2021, to May 31, 2024, demonstrates notable fluctuations. As of May 31, 2021, the ratio stood at 8.44, indicating that for every dollar invested in fixed assets, the company generated approximately $8.44 in sales. By May 31, 2022, this ratio significantly increased to 16.61, nearly doubling compared to the previous year, suggesting a marked improvement in asset utilization and operational efficiency in leveraging fixed assets to generate revenue.
In the subsequent year, May 31, 2023, the ratio experienced a slight decline to 15.79. While still substantially higher than the 2021 figure, this decrease might reflect a marginal reduction in asset productivity or changes in sales volume relative to fixed assets. The data for May 31, 2024, and May 31, 2025, are not available, which limits the ability to assess ongoing trends.
Overall, the pattern indicates a significant improvement in fixed asset efficiency between 2021 and 2022, followed by a modest stabilization in 2023. The heightened ratios suggest that the company became more effective at utilizing its fixed assets to generate sales during this period. Future analysis would benefit from additional data to determine whether this trend persisted or changed post-2023.
Peer comparison
May 31, 2025