AeroVironment Inc (AVAV)

Fixed asset turnover

Apr 30, 2025 Apr 30, 2024 Apr 30, 2023 Apr 30, 2022 Apr 30, 2021
Revenue US$ in thousands 692,722 716,720 540,536 445,732 394,912
Property, plant and equipment US$ in thousands 67,158 90,225 81,798
Fixed asset turnover 8.05 4.94 4.83

April 30, 2025 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $692,722K ÷ $—K
= —

The fixed asset turnover ratio for AeroVironment Inc demonstrates a notable upward trend over the analyzed period. As of April 30, 2021, the ratio stood at 4.83, indicating the company's efficiency in generating sales from its fixed assets. This metric increased slightly to 4.94 by April 30, 2022, suggesting some improvement in asset utilization. The ratio experienced a significant acceleration by April 30, 2023, reaching 8.05, nearly doubling the previous year's value. This substantial increase implies a marked enhancement in the company's efficiency in leveraging its fixed assets to generate revenue. Data beyond April 30, 2023, is not available for subsequent periods. Overall, the trend indicates AeroVironment Inc has substantially improved its fixed asset utilization efficiency between 2021 and 2023.


Peer comparison

Apr 30, 2025

Company name
Symbol
Fixed asset turnover
AeroVironment Inc
AVAV
The Boeing Company
BA
5.83