AZZ Incorporated (AZZ)
Fixed asset turnover
| Feb 28, 2025 | Nov 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,577,744 | 1,592,438 | 1,570,389 | 1,559,924 | 1,537,589 | 1,507,524 | 1,499,220 | 1,507,388 | 1,430,913 | 1,319,063 | 1,177,499 | 987,236 | 902,664 | 873,639 | 868,525 | 855,450 | 838,917 | 888,653 | 953,169 | 985,987 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 540,772 | 504,032 | 498,503 | 491,367 | 496,125 | 491,722 | 230,848 | 199,886 | 249,048 | 207,689 | 205,909 | 201,178 | 200,420 | 214,965 |
| Fixed asset turnover | — | — | — | — | — | — | 2.77 | 2.99 | 2.87 | 2.68 | 2.37 | 2.01 | 3.91 | 4.37 | 3.49 | 4.12 | 4.07 | 4.42 | 4.76 | 4.59 |
February 28, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,577,744K ÷ $—K
= —
The fixed asset turnover ratio for AZZ Incorporated has shown fluctuating trends over the past few years. It increased from 4.59 in May 2020 to 4.76 in August 2020, indicating that the company was generating $4.76 in revenue for every dollar invested in fixed assets. However, the ratio declined to 3.49 in August 2021, rebounded to 4.37 in November 2021, and then decreased again to 2.01 in May 2022.
The decreasing trend continued as the ratio rose slightly to 2.37 in August 2022, followed by further declines to 2.68 in November 2022, 2.87 in February 2023, and 2.99 in May 2023. The ratio remained relatively stable around the 2.77 to 3.91 range until November 2023.
As of the latest available data, the fixed asset turnover ratio for AZZ Incorporated was not provided for the periods beyond November 2023. The declining trend in the fixed asset turnover ratio suggests that the company may not be efficiently utilizing its fixed assets to generate sales, which could indicate potential operational inefficiencies or underperformance in utilizing its asset base. Further analysis and additional information would be needed to understand the reasons behind the fluctuations in the fixed asset turnover ratio and to determine the implications for the company's financial performance.
Peer comparison
Feb 28, 2025