AeroVironment Inc (AVAV)
Fixed asset turnover
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 715,090 | 538,194 | 480,176 | 437,161 | 428,516 |
| Property, plant and equipment | US$ in thousands | 46,602 | 39,795 | 62,296 | 58,896 | 21,694 |
| Fixed asset turnover | 15.34 | 13.52 | 7.71 | 7.42 | 19.75 |
April 30, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $715,090K ÷ $46,602K
= 15.34
AeroVironment Inc's fixed asset turnover has shown fluctuating trends over the past five years. The fixed asset turnover ratio measures how efficiently the company is utilizing its fixed assets to generate revenue.
In April 2024, the fixed asset turnover ratio surged to 15.34, indicating that AeroVironment Inc generated $15.34 in sales for every $1 of fixed assets invested. This significant increase from the previous year suggests that the company has improved its efficiency in utilizing its fixed assets to generate revenue.
Comparing this to the ratios from the prior years, we see a notable improvement from 2022 to 2023, where the ratio increased from 7.71 to 13.52, showcasing a strong upward trend in asset utilization efficiency. However, in 2021 and 2020, the ratios were relatively stable but at a lower level compared to the recent years.
Overall, the increasing trend in the fixed asset turnover ratio over the past two years indicates improved efficiency in utilizing fixed assets to generate sales for AeroVironment Inc. This may suggest better operational management and resource utilization within the company.
Peer comparison
Apr 30, 2024