Avery Dennison Corp (AVY)
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 | 8,755,700 | 8,680,500 | 8,595,400 | 8,450,600 | 8,364,300 | 8,279,700 | 8,498,500 | 8,755,000 | 9,039,300 | 9,196,600 | 8,951,300 | 8,706,300 | 8,408,300 | 8,216,000 | 7,873,300 | 7,299,800 | 6,971,500 | 6,753,500 | 6,785,800 | 7,053,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 1,555,200 | 1,567,000 | 1,565,600 | 1,540,200 | 1,442,600 | 1,451,000 | 1,477,500 | 1,477,700 | 1,405,500 | 1,344,800 | 1,329,000 | 1,343,700 | 1,233,900 | 1,228,800 | 1,232,000 |
| Fixed asset turnover | — | — | — | — | — | 5.32 | 5.42 | 5.59 | 5.87 | 6.38 | 6.17 | 5.89 | 5.69 | 5.85 | 5.85 | 5.49 | 5.19 | 5.47 | 5.52 | 5.72 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $8,755,700K ÷ $—K
= —
Fixed asset turnover measures how efficiently a company is utilizing its fixed assets to generate sales revenue. The trend in Avery Dennison Corp's fixed asset turnover from March 2020 to September 2024 shows fluctuations. The ratio ranged from 5.19 to 6.38 during this period.
The company had a relatively stable performance in utilizing its fixed assets efficiently until June 2022, with turnover ratios above 5. This indicates that Avery Dennison generated $5.19 to $6.38 in sales for every dollar invested in fixed assets.
However, there was a slight decline in fixed asset turnover in the subsequent quarters, with ratios dropping below 5 from March 2023 onwards. This suggests that the company may not be utilizing its fixed assets as effectively to generate revenue during this period.
The missing data for the last four quarters of 2024 limits a comprehensive analysis, but based on the available information, Avery Dennison Corp's fixed asset turnover has shown some variability in recent quarters. Further insight could be gained by analyzing future financial statements to assess whether this trend continues or if there are improvements in fixed asset utilization efficiency.
Peer comparison
Dec 31, 2024