Peabody Energy Corp (BTU)
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 | 4,946,700 | 5,337,800 | 5,601,400 | 5,654,500 | 4,981,900 | 4,620,400 | 3,956,900 | 3,358,400 | 3,318,300 | 2,790,900 | 2,782,900 | 2,686,200 | 2,881,100 | 3,261,300 | 3,696,700 | 4,219,000 | 4,623,400 | 4,903,100 | 5,237,500 | 5,295,600 |
| Property, plant and equipment | US$ in thousands | 2,844,100 | 2,805,500 | 2,819,500 | 2,847,900 | 2,865,000 | 2,817,600 | 2,856,600 | 2,879,900 | 2,950,600 | 2,926,500 | 2,982,100 | 3,014,700 | 3,051,100 | 3,148,400 | 3,178,400 | 4,607,800 | 4,679,100 | 4,899,200 | 4,974,800 | 5,069,500 |
| Fixed asset turnover | 1.74 | 1.90 | 1.99 | 1.99 | 1.74 | 1.64 | 1.39 | 1.17 | 1.12 | 0.95 | 0.93 | 0.89 | 0.94 | 1.04 | 1.16 | 0.92 | 0.99 | 1.00 | 1.05 | 1.04 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,946,700K ÷ $2,844,100K
= 1.74
The fixed asset turnover ratio for Peabody Energy Corp has shown some fluctuations over the past few years. The ratio measures the company's ability to generate revenue from its investment in fixed assets.
From December 2019 to March 2020, there was a slight decrease in fixed asset turnover from 1.05 to 0.92. However, in the following quarter, the ratio improved to 1.16, indicating a better utilization of fixed assets to generate sales.
The ratio continued to fluctuate over the next few quarters, with a peak of 1.99 in both June and September 2023. This suggests that the company was able to generate almost twice the amount of revenue compared to its investment in fixed assets during those periods.
Overall, the trend in fixed asset turnover for Peabody Energy Corp has been mixed, with some quarters showing strong performance and others exhibiting lower efficiency in utilizing fixed assets. It would be important to assess the underlying reasons for these fluctuations to determine the company's overall operational effectiveness.
Peer comparison
Dec 31, 2023