Apogee Enterprises Inc (APOG)
Fixed asset turnover
| Feb 28, 2025 | Mar 2, 2024 | Feb 29, 2024 | Feb 28, 2023 | Feb 25, 2023 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,360,990 | 1,416,940 | 1,416,940 | 1,440,700 | 1,440,700 |
| Property, plant and equipment | US$ in thousands | — | 244,216 | — | 248,867 | 248,867 |
| Fixed asset turnover | — | 5.80 | — | 5.79 | 5.79 |
February 28, 2025 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,360,990K ÷ $—K
= —
The fixed asset turnover ratio is a measure of how efficiently a company is utilizing its fixed assets to generate revenue. In the case of Apogee Enterprises Inc, the fixed asset turnover ratio remained consistent at around 5.79 from February 25, 2023, to February 28, 2023, and then increased slightly to 5.80 on March 2, 2024. This indicates that the company is generating approximately $5.79 (or $5.80) in revenue for every dollar invested in fixed assets.
However, there are missing data points for February 29, 2024, and February 28, 2025, which limits the ability to fully analyze the trend over time. It is essential for the company to provide complete and up-to-date financial information to ensure a thorough evaluation of its fixed asset turnover performance. Overall, based on the available data, Apogee Enterprises Inc seems to be effectively utilizing its fixed assets to generate revenue, as indicated by the relatively stable and reasonably high fixed asset turnover ratios.