AptarGroup Inc (ATR)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,582,890 | 3,573,282 | 3,556,988 | 3,542,831 | 3,487,450 | 3,444,884 | 3,388,747 | 3,337,384 | 3,322,249 | 3,340,328 | 3,328,910 | 3,295,399 | 3,227,221 | 3,162,557 | 3,096,268 | 2,984,541 | 2,929,340 | 2,851,344 | 2,793,469 | 2,836,825 |
| Property, plant and equipment | US$ in thousands | 1,447,150 | 1,505,210 | 1,466,280 | 1,464,400 | 1,478,060 | 1,388,650 | 1,395,810 | 1,377,850 | 1,343,660 | 1,225,800 | 1,256,990 | 1,276,620 | 1,275,880 | 1,248,960 | 1,224,460 | 1,183,030 | 1,198,750 | 1,139,900 | 1,097,920 | 1,071,420 |
| Fixed asset turnover | 2.48 | 2.37 | 2.43 | 2.42 | 2.36 | 2.48 | 2.43 | 2.42 | 2.47 | 2.73 | 2.65 | 2.58 | 2.53 | 2.53 | 2.53 | 2.52 | 2.44 | 2.50 | 2.54 | 2.65 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,582,890K ÷ $1,447,150K
= 2.48
The fixed asset turnover ratio measures how efficiently a company generates sales revenue from its investment in fixed assets. In the case of AptarGroup Inc, the fixed asset turnover has shown some fluctuations over the past few years.
From March 31, 2020, to June 30, 2022, the fixed asset turnover ranged from 2.44 to 2.73, indicating that AptarGroup was able to generate sales revenue between 2.44 to 2.73 times the value of its fixed assets during this period.
However, towards the end of 2022 and into 2023, the ratio declined slightly to a range of 2.36 to 2.48. This could suggest either a decrease in sales generated from fixed assets or an increase in the value of fixed assets relative to sales revenue during this period.
Overall, the trend in fixed asset turnover for AptarGroup Inc shows a relatively stable performance, but with some minor fluctuations over time. It would be important for investors and stakeholders to further investigate the reasons behind these fluctuations to assess the company's operational efficiency and asset utilization.
Peer comparison
Dec 31, 2024