AptarGroup Inc (ATR)
Fixed asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 2,859,732 | 2,873,427 | 2,837,924 | 2,805,871 |
| Property, plant and equipment | US$ in thousands | 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 | 1,087,660 | 1,042,740 | 1,051,540 | 1,007,130 |
| Fixed asset turnover | 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 | 2.63 | 2.76 | 2.70 | 2.79 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,487,450K ÷ $1,478,060K
= 2.36
Aptargroup Inc.'s fixed asset turnover ratio provides insight into how efficiently the company generates revenue from its investment in fixed assets. The trend of the fixed asset turnover ratio over the quarters shows fluctuations in the company's efficiency in utilizing its fixed assets to generate sales.
The fixed asset turnover ratio ranged from 2.36 to 2.73 over the past eight quarters. A higher fixed asset turnover ratio indicates that the company is generating more revenue per dollar invested in fixed assets. Aptargroup Inc.'s fixed asset turnover ratio peaked in Q3 2022 at 2.73, reflecting a strong efficiency in utilizing its fixed assets to generate sales.
However, there was a slight decline in the fixed asset turnover ratio in subsequent quarters, reaching a low of 2.36 in Q4 2023. This downward trend may suggest potential inefficiencies in utilizing fixed assets to generate revenue during that period.
Overall, Aptargroup Inc.'s fixed asset turnover ratio has shown some fluctuations, but the company has generally been efficient in utilizing its fixed assets to generate revenue. It is important for the company to monitor and address any fluctuations in this ratio to ensure optimal utilization of its fixed assets for revenue generation.
Peer comparison
Dec 31, 2023