Acuity Brands Inc (AYI)
Fixed asset turnover
| 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 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 3,672,900 | 3,768,000 |
| Property, plant and equipment | US$ in thousands | 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 | 277,300 | 280,500 |
| Fixed asset turnover | 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 | 13.25 | 13.43 |
February 29, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,813,600K ÷ $296,000K
= 12.88
The fixed asset turnover ratio for Acuity Brands Inc has shown a relatively stable and consistently high performance over the period from May 2019 to February 2024. The ratio has ranged between 12.23 and 14.48, indicating that Acuity Brands has been able to generate significant revenue relative to its investment in fixed assets. This suggests that the company is efficiently utilizing its fixed assets to generate sales, which is a positive indicator of operational efficiency and asset utilization.
The trend of the fixed asset turnover ratio shows a slight fluctuation with some variability across the periods, but overall, the company has maintained a strong level of asset turnover. This consistency in generating revenue compared to the value of fixed assets signifies that Acuity Brands has been effective in managing and utilizing its long-term assets to drive sales.
In conclusion, the consistent and high fixed asset turnover ratio of Acuity Brands Inc reflects the company's strong operational efficiency and effectiveness in utilizing its fixed assets to generate revenue. It indicates that the company is efficiently managing its assets to drive sales growth and maximize shareholder value.
Peer comparison
Feb 29, 2024