American Woodmark Corporation (AMWD)
Fixed asset turnover
| Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,848,918 | 1,882,647 | 1,938,887 | 2,024,050 | 2,066,902 | 2,081,573 | 2,062,231 | 1,955,957 | 1,857,937 | 1,835,933 | 1,805,073 | 1,796,872 | 1,738,985 | 1,640,397 | 1,634,769 | 1,611,322 | 1,635,965 | 1,631,214 | 1,635,512 | 1,645,319 |
| Property, plant and equipment | US$ in thousands | 272,461 | 252,168 | 235,172 | 223,810 | 219,415 | 203,509 | 203,650 | 207,188 | 213,808 | 208,728 | 208,696 | 206,932 | 204,002 | 200,885 | 198,895 | 199,088 | 208,780 | 206,899 | 204,960 | 208,263 |
| Fixed asset turnover | 6.79 | 7.47 | 8.24 | 9.04 | 9.42 | 10.23 | 10.13 | 9.44 | 8.69 | 8.80 | 8.65 | 8.68 | 8.52 | 8.17 | 8.22 | 8.09 | 7.84 | 7.88 | 7.98 | 7.90 |
April 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,848,918K ÷ $272,461K
= 6.79
The fixed asset turnover ratio for American Woodmark Corporation has shown a generally upward trend over the past years, indicating the company's ability to generate sales revenue relative to its investment in fixed assets. The ratio has ranged from 6.79 to 10.23 over the last five years, with the highest value of 10.23 occurring in January 2023. This suggests that for every dollar invested in fixed assets, the company generated sales ranging from $6.79 to $10.23.
The relatively high and increasing values of the fixed asset turnover ratio indicate efficiency in utilizing fixed assets to generate sales, which is a positive sign for the company's operational performance. However, the ratio has shown some fluctuations over time, with occasional dips in the values. Overall, the company has been able to maintain a strong level of efficiency in utilizing its fixed assets to drive sales growth, which is essential for profitability and sustainable business operations.