Acuity Brands Inc (AYI)
Fixed asset turnover
| Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,822,700 | 3,789,100 | 3,813,600 | 3,850,400 | 3,913,100 | 4,022,500 | 4,082,500 | 4,049,200 | 3,979,100 | 3,887,700 | 3,727,000 | 3,594,000 | 3,461,000 | 3,363,200 | 3,240,000 | 3,287,700 | 3,326,400 | 3,379,200 | 3,547,600 | 3,575,500 |
| Property, plant and equipment | US$ in thousands | 303,900 | 298,000 | 296,000 | 293,600 | 297,600 | 290,400 | 286,000 | 279,600 | 276,500 | 269,200 | 264,100 | 261,000 | 269,100 | 259,700 | 262,000 | 268,800 | 270,500 | 275,100 | 279,300 | 278,400 |
| Fixed asset turnover | 12.58 | 12.72 | 12.88 | 13.11 | 13.15 | 13.85 | 14.27 | 14.48 | 14.39 | 14.44 | 14.11 | 13.77 | 12.86 | 12.95 | 12.37 | 12.23 | 12.30 | 12.28 | 12.70 | 12.84 |
August 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,822,700K ÷ $303,900K
= 12.58
The fixed asset turnover ratio for Acuity Brands Inc has shown a consistent and strong performance over the past periods, ranging from 12.23 to 14.48. This indicates that the company is efficient in generating sales revenue relative to its investment in fixed assets.
The general trend of this ratio is upward over the periods analyzed, indicating improving efficiency in utilizing fixed assets to generate revenue. Specifically, the ratio has increased from 12.23 in November 2020 to 14.48 in November 2022, showing a significant improvement in asset utilization efficiency during this timeframe.
Overall, the increase in the fixed asset turnover ratio suggests that Acuity Brands Inc has been effectively managing its fixed assets to drive sales growth and maximize returns on investment in fixed assets. This indicates a positive operational performance and financial health of the company.
Peer comparison
Aug 31, 2024