Barnes Group Inc (B)
Fixed asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,388,400 | 1,310,221 | 1,283,412 | 1,268,883 | 1,247,596 | 1,245,431 | 1,255,076 | 1,253,816 | 1,242,736 | 1,218,830 | 1,163,156 | 1,078,112 | 1,106,845 | 1,182,161 | 1,284,046 | 1,418,677 | 1,840,387 | 1,865,810 | 2,234,107 | 2,614,334 |
| Property, plant and equipment | US$ in thousands | 402,697 | 395,014 | 320,461 | 321,585 | 320,139 | 308,954 | 320,174 | 335,286 | 341,462 | 347,541 | 357,403 | 356,272 | 370,947 | 353,264 | 349,485 | 348,923 | 356,603 | 363,585 | 370,208 | 367,871 |
| Fixed asset turnover | 3.45 | 3.32 | 4.00 | 3.95 | 3.90 | 4.03 | 3.92 | 3.74 | 3.64 | 3.51 | 3.25 | 3.03 | 2.98 | 3.35 | 3.67 | 4.07 | 5.16 | 5.13 | 6.03 | 7.11 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,388,400K ÷ $402,697K
= 3.45
The fixed asset turnover ratio measures how efficiently Barnes Group Inc. is utilizing its fixed assets to generate revenue. A higher fixed asset turnover ratio indicates that the company is generating more revenue per dollar of investment in fixed assets.
Over the past eight quarters, Barnes Group Inc.'s fixed asset turnover ratio has fluctuated between 3.41 and 4.06. In Q2 2023, the fixed asset turnover peaked at 4.06, indicating that the company generated $4.06 in revenue for each dollar invested in fixed assets during that quarter. This was followed by a slight decrease to 4.00 in Q1 2023 and further to 3.60 in Q4 2023.
Overall, Barnes Group Inc. has maintained a relatively stable and healthy fixed asset turnover ratio range, demonstrating efficient utilization of its fixed assets to generate revenue. However, the slight fluctuations in the ratio over time may warrant further analysis to identify any underlying operational or strategic factors influencing the company's asset management efficiency.
Peer comparison
Dec 31, 2023