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

Company name
Symbol
Fixed asset turnover
Church & Dwight Company Inc
CHD
6.33
Ecolab Inc
ECL
4.45
Procter & Gamble Company
PG
3.79
Stepan Company
SCL
1.91