AAR Corp (AIR)
Fixed asset turnover
| May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,272,900 | 2,183,800 | 2,146,300 | 2,075,600 | 1,977,600 | 1,904,800 | 1,839,500 | 1,806,700 | 1,815,900 | 1,776,800 | 1,734,400 | 1,701,900 | 1,627,100 | 1,607,600 | 1,758,900 | 1,915,600 | 2,075,300 | 2,221,500 | 2,187,900 | 2,119,700 |
| Property, plant and equipment | US$ in thousands | 171,700 | 134,100 | 132,600 | 131,000 | 126,100 | 119,800 | 113,900 | 111,400 | 109,600 | 106,900 | 106,200 | 109,100 | 120,000 | 123,600 | 125,000 | 127,000 | 135,700 | 136,700 | 134,300 | 132,700 |
| Fixed asset turnover | 13.24 | 16.28 | 16.19 | 15.84 | 15.68 | 15.90 | 16.15 | 16.22 | 16.57 | 16.62 | 16.33 | 15.60 | 13.56 | 13.01 | 14.07 | 15.08 | 15.29 | 16.25 | 16.29 | 15.97 |
May 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,272,900K ÷ $171,700K
= 13.24
AAR Corp's fixed asset turnover ratio has shown a generally increasing trend over the past few quarters, with values ranging from 13.01 to 16.62. This ratio measures the efficiency of the company in generating sales from its investment in fixed assets.
The high fixed asset turnover values indicate that AAR Corp is effectively utilizing its fixed assets to generate revenue. A higher ratio suggests that the company is efficiently managing its fixed assets to produce sales.
Overall, the consistency and improvement in the fixed asset turnover ratio reflect positively on AAR Corp's ability to optimize the utilization of its fixed assets to drive sales and enhance operational efficiency.
Peer comparison
May 31, 2024