American Woodmark Corporation (AMWD)
Fixed asset turnover
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,709,585 | 1,762,468 | 1,786,990 | 1,808,375 | 1,847,502 | 1,875,319 | 1,933,930 | 2,021,562 | 2,066,200 | 2,086,811 | 2,065,834 | 1,957,498 | 1,857,186 | 1,828,870 | 1,801,088 | 1,796,508 | 1,744,014 | 1,669,821 | 1,633,622 | 1,613,055 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | — | 223,810 | 219,415 | 302,275 | 306,691 | 312,131 | 321,863 | 321,602 | 208,696 | 327,635 | 204,002 | 200,885 | 198,895 | 325,497 |
| Fixed asset turnover | — | — | — | — | — | — | — | 9.03 | 9.42 | 6.90 | 6.74 | 6.27 | 5.77 | 5.69 | 8.63 | 5.48 | 8.55 | 8.31 | 8.21 | 4.96 |
April 30, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,709,585K ÷ $—K
= —
The fixed asset turnover ratio of American Woodmark Corporation exhibits notable fluctuations over the analyzed period, reflecting changes in the efficiency with which the company's fixed assets generate sales.
During the fiscal year ending July 31, 2020, the ratio was 4.96, indicating moderate utilization of fixed assets. It then experienced a substantial increase by October 31, 2020, reaching 8.21, and remained relatively stable through January and April 2021 at 8.31 and 8.55, respectively. This upward momentum suggests improved efficiency in asset utilization or increased sales relative to the fixed asset base during this timeframe.
However, a decline was observed in the subsequent period ending July 31, 2021, with the ratio dropping to 5.48, possibly indicating either a higher asset base or less sales generated per fixed asset dollar. The ratio recovered and rose again to 8.63 by October 31, 2021, surpassing previous levels and suggesting renewed efficiency gains.
Over the following periods, the ratio stabilized somewhat, with intermittent fluctuations: it decreased to 5.69 in January 2022 before slightly increasing to 5.77 in April 2022, reflecting a period of relatively modest asset productivity. The ratio then increased again, reaching 6.27 in July 2022 and 6.74 in October 2022, indicating gradual improvements in asset utilization.
The upward trend continued into early 2023, with the ratio reaching 6.90 in January and significantly jumping to 9.42 in April 2023, highlighting a marked enhancement in fixed asset efficiency. This peak suggests either increased sales, reduced asset base, or a combination of both. In the subsequent quarter, the ratio slightly decreased to 9.03, remaining relatively high.
Overall, the fixed asset turnover ratio showcases volatility but demonstrates periods of notable improvement, especially in early 2023. These fluctuations may be attributed to operational adjustments, changes in sales volume, or strategic asset management. The absence of data beyond April 2024 precludes further trend analysis, but within the observed timeframe, the company exhibited varying efficiency levels in utilizing its fixed assets for generating sales.