Brunswick Corporation (BC)
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 | 6,401,400 | 6,622,200 | 6,726,800 | 6,860,100 | 6,812,200 | 6,660,500 | 6,389,500 | 6,108,700 | 5,846,200 | 5,576,300 | 5,382,200 | 4,815,200 | 4,347,500 | 4,104,000 | 3,847,500 | 4,023,200 | 4,108,400 | 4,151,900 | 4,219,400 | 4,204,600 |
| Property, plant and equipment | US$ in thousands | 1,315,800 | 1,311,600 | 1,314,100 | 1,293,500 | 1,270,800 | 1,221,100 | 1,164,400 | 1,078,100 | 1,046,900 | 961,500 | 912,000 | 872,400 | 863,600 | 819,100 | 815,400 | 810,600 | 796,400 | 763,700 | 747,000 | 703,500 |
| Fixed asset turnover | 4.87 | 5.05 | 5.12 | 5.30 | 5.36 | 5.45 | 5.49 | 5.67 | 5.58 | 5.80 | 5.90 | 5.52 | 5.03 | 5.01 | 4.72 | 4.96 | 5.16 | 5.44 | 5.65 | 5.98 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $6,401,400K ÷ $1,315,800K
= 4.87
The fixed asset turnover ratio for Brunswick Corp. has shown a consistent trend of improvement over the last eight quarters. Starting at 5.67 in Q1 2022, the ratio declined slightly in subsequent quarters but remained above 5 consistently. However, in Q1 2023, there was a notable increase in the fixed asset turnover to 5.30, indicating that the company generated $5.30 in sales revenue for every dollar invested in fixed assets.
This upward trend continued in the following quarters, reaching 5.12 in Q2 2023, 5.05 in Q3 2023, and 4.87 in Q4 2023. This suggests that Brunswick Corp. has been effectively utilizing its fixed assets to generate sales revenue efficiently. The decline in the ratio from Q1 2023 to Q4 2023 may indicate either an increase in fixed assets or a decrease in sales revenue during that period. Overall, the trend indicates that Brunswick Corp. is managing its fixed assets well to generate sales, although fluctuations in the ratio should be further investigated to understand the underlying factors.
Peer comparison
Dec 31, 2023