Church & Dwight Company Inc (CHD)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,107,100 | 6,053,100 | 5,998,400 | 5,941,400 | 5,867,900 | 5,775,900 | 5,637,300 | 5,508,200 | 5,375,600 | 5,308,300 | 5,302,400 | 5,248,400 | 5,190,100 | 5,116,700 | 5,046,300 | 4,969,500 | 4,895,800 | 4,744,700 | 4,593,100 | 4,478,200 |
| Property, plant and equipment | US$ in thousands | 931,700 | 915,300 | 943,600 | 939,200 | 927,700 | 862,400 | 802,400 | 772,200 | 761,100 | 716,300 | 660,600 | 653,200 | 652,700 | 615,800 | 613,000 | 611,700 | 612,800 | 579,500 | 568,700 | 566,700 |
| Fixed asset turnover | 6.55 | 6.61 | 6.36 | 6.33 | 6.33 | 6.70 | 7.03 | 7.13 | 7.06 | 7.41 | 8.03 | 8.03 | 7.95 | 8.31 | 8.23 | 8.12 | 7.99 | 8.19 | 8.08 | 7.90 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $6,107,100K ÷ $931,700K
= 6.55
The fixed asset turnover ratio of Church & Dwight Company Inc has shown a generally increasing trend from March 31, 2020, to June 30, 2021, indicating that the company is generating more revenue relative to its investment in fixed assets. The ratio peaked at 8.31 on September 30, 2021, before starting to decline gradually over the subsequent periods.
However, from September 30, 2021, to December 31, 2024, the fixed asset turnover ratio experienced a declining trend, reaching a low of 6.33 on March 31, 2024, and remaining relatively stable around that level until December 31, 2024.
This trend suggests that the efficiency of Church & Dwight Company Inc in generating revenue from its fixed assets has decreased over the latter half of the observed period. Further analysis and investigation into the company's operational efficiency and asset utilization may be warranted to understand the factors contributing to this decline in fixed asset turnover.
Peer comparison
Dec 31, 2024