Acuity Brands Inc (AYI)
Fixed asset turnover
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,835,700 | 3,913,100 | 3,981,400 | 3,461,000 | 3,326,300 |
| Property, plant and equipment | US$ in thousands | 303,900 | 297,600 | 276,500 | 269,100 | 270,500 |
| Fixed asset turnover | 12.62 | 13.15 | 14.40 | 12.86 | 12.30 |
August 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,835,700K ÷ $303,900K
= 12.62
The fixed asset turnover ratio measures the efficiency of Acuity Brands Inc in generating revenue from its fixed assets. A higher ratio indicates that the company is effectively utilizing its fixed assets to generate sales.
Looking at the trend over the past five years, Acuity Brands Inc's fixed asset turnover has shown some fluctuations:
- In 2022, the company achieved the highest fixed asset turnover of 14.40, implying that, for every dollar invested in fixed assets, it generated $14.40 in sales.
- In 2023 and 2024, the fixed asset turnover slightly declined to 13.15 and 12.62 respectively. Although the ratio decreased, it remained relatively high, suggesting that the company continued to efficiently use its fixed assets to generate revenue.
- In 2020 and 2021, the fixed asset turnover was 12.30 and 12.86, respectively. These figures indicate a consistent performance in utilizing fixed assets to drive sales during those years.
Overall, Acuity Brands Inc has maintained a relatively high and consistent fixed asset turnover ratio over the past five years, highlighting its efficient utilization of fixed assets to generate revenue. This consistent performance is a positive indicator of the company's operational efficiency and effectiveness in managing its fixed asset base.
Peer comparison
Aug 31, 2024