Boot Barn Holdings Inc (BOOT)
Fixed asset turnover
| Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,666,161 | 1,703,269 | 1,697,413 | 1,674,491 | 1,656,641 | 1,613,747 | 1,585,275 | 1,546,627 | 1,487,461 | 1,363,824 | 1,180,258 | 1,052,056 | 893,495 | 823,251 | 804,910 | 807,578 | 845,563 | 849,690 | 819,699 | 800,625 |
| Property, plant and equipment | US$ in thousands | 323,667 | 308,085 | 293,702 | 275,969 | 257,143 | 231,651 | 204,267 | 177,447 | 155,247 | 136,716 | 124,021 | 114,573 | 110,444 | 109,793 | 107,764 | 109,327 | 109,603 | 102,597 | 98,127 | 93,733 |
| Fixed asset turnover | 5.15 | 5.53 | 5.78 | 6.07 | 6.44 | 6.97 | 7.76 | 8.72 | 9.58 | 9.98 | 9.52 | 9.18 | 8.09 | 7.50 | 7.47 | 7.39 | 7.71 | 8.28 | 8.35 | 8.54 |
March 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,666,161K ÷ $323,667K
= 5.15
Boot Barn Holdings Inc's fixed asset turnover has been relatively stable over the past few years, with a general increasing trend. The ratio has ranged from 5.15 to 9.98, indicating that the company generates between $5.15 and $9.98 in revenue for every dollar invested in fixed assets.
The trend generally shows improvement in utilizing fixed assets more efficiently to generate sales. A higher fixed asset turnover ratio suggests that Boot Barn Holdings Inc is effectively using its fixed assets to generate sales and is managing its assets efficiently. This could be indicative of effective asset management and operational efficiency within the company.
Overall, the increasing trend in fixed asset turnover indicates that Boot Barn Holdings Inc is becoming more efficient in utilizing its fixed assets to drive sales and generate revenue over time.
Peer comparison
Mar 31, 2024