Columbia Sportswear Company (COLM)

Fixed asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	3,508,870	3,486,170	3,144,770	2,501,550	3,042,480
Property, plant and equipment	US$ in thousands	287,281	291,214	291,088	309,792	346,651
Fixed asset turnover		12.21	11.97	10.80	8.07	8.78

December 31, 2023 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,508,870K ÷ $287,281K
= 12.21

Columbia Sportswear Co.'s fixed asset turnover has displayed a generally positive trend over the past five years. The company's fixed asset turnover ratio has been steadily increasing, reaching 12.14 in 2023 from 8.78 in 2019. This indicates that the company generated $12.14 in sales for each dollar invested in fixed assets in 2023, reflecting efficient utilization of its fixed assets to generate revenue.

The consistent improvement in the fixed asset turnover ratio suggests that Columbia Sportswear Co. has been effectively managing and utilizing its fixed assets to drive sales growth. This can be a positive sign for investors and creditors, as a higher fixed asset turnover ratio indicates a more efficient use of assets to generate revenue and potentially higher profitability.