Apogee Enterprises Inc (APOG)
Fixed asset turnover
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Mar 2, 2024 | Feb 29, 2024 | Nov 30, 2023 | Nov 25, 2023 | Aug 31, 2023 | Aug 26, 2023 | May 31, 2023 | May 27, 2023 | Feb 28, 2023 | Feb 25, 2023 | Nov 30, 2022 | Nov 26, 2022 | Aug 31, 2022 | Aug 27, 2022 | May 31, 2022 | May 28, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,360,994 | 1,458,353 | 1,478,849 | 1,476,123 | 1,822,581 | 1,733,203 | 2,076,483 | 2,098,482 | 2,141,925 | 2,132,355 | 1,824,697 | 1,830,831 | 1,842,518 | 1,870,522 | 2,215,580 | 2,204,368 | 2,183,988 | 2,139,836 | 1,726,861 | 1,704,443 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | 244,216 | — | — | 246,206 | 286,590 | 245,541 | -193,587 | 246,343 | 248,867 | 248,867 | 231,173 | 231,173 | 232,766 | 232,766 | 237,412 | 237,412 |
| Fixed asset turnover | — | — | — | — | 7.46 | — | — | 8.52 | 7.47 | 8.68 | — | 7.43 | 7.40 | 7.52 | 9.58 | 9.54 | 9.38 | 9.19 | 7.27 | 7.18 |
February 28, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,360,994K ÷ $—K
= —
The fixed asset turnover ratio measures a company's ability to generate revenue from its investment in fixed assets. In the case of Apogee Enterprises Inc, the fixed asset turnover ratio fluctuated over the period provided. The ratio ranged from a low of 7.18 in May 2022 to a high of 9.58 in November 2022.
A higher fixed asset turnover ratio indicates that Apogee Enterprises Inc is efficiently utilizing its fixed assets to generate sales. This means that the company is effectively leveraging its investments in property, plant, and equipment to generate revenue.
However, it is essential to note that there are instances where the fixed asset turnover ratio was not available (marked as "—") in certain periods, indicating insufficient data to calculate the ratio. These gaps in information may affect the overall analysis of Apogee Enterprises Inc's efficiency in utilizing fixed assets to generate sales.
In conclusion, while Apogee Enterprises Inc has demonstrated fluctuations in its fixed asset turnover ratio, further analysis and comparison with industry benchmarks would provide a more comprehensive understanding of the company's efficiency in utilizing its fixed assets.