Church & Dwight Company Inc (CHD)
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 | 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 | 4,357,700 | 4,287,900 | 4,236,100 | 4,184,600 |
| Property, plant and equipment | US$ in thousands | 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 | 598,200 | 553,100 | 559,000 | 558,800 |
| Fixed asset turnover | 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 | 7.28 | 7.75 | 7.58 | 7.49 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,867,900K ÷ $927,700K
= 6.33
Church & Dwight Co., Inc.'s fixed asset turnover has displayed consistent trends over the past eight quarters. The fixed asset turnover ratio measures how efficiently the company is generating revenue from its investment in fixed assets.
The trend shows an overall increasing pattern from Q1 2022 to Q3 2023, indicating that the company has been able to generate more revenue from its fixed assets over time. The ratio peaked at 8.03 in Q2 2022 and remained at the same level in Q1 2022, suggesting efficient utilization of fixed assets during that period.
Despite minor fluctuations in the following quarters, the fixed asset turnover has generally stayed above 7, implying that Church & Dwight Co., Inc. has maintained a high level of efficiency in utilizing its fixed assets to generate sales. This consistent performance indicates effective management of the company's fixed asset base to drive revenue growth.
Overall, the trend in fixed asset turnover for Church & Dwight Co., Inc. reflects a healthy operational efficiency in leveraging its fixed assets to drive sales and generate value for the company.
Peer comparison
Dec 31, 2023