Columbia Sportswear Company (COLM)

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	3,508,867	3,617,807	3,586,986	3,545,274	3,486,171	3,445,691	3,294,837	3,281,517	3,141,308	2,921,771	2,812,935	2,558,932	2,501,554	2,540,798	2,746,499	2,956,098	3,042,478	3,005,209	2,894,217	2,849,626
Property, plant and equipment	US$ in thousands	287,281	283,095	280,578	282,921	291,214	287,338	288,199	290,070	291,088	293,725	297,237	300,063	309,792	322,167	328,904	332,997	346,651	349,302	312,948	298,379
Fixed asset turnover		12.21	12.78	12.78	12.53	11.97	11.99	11.43	11.31	10.79	9.95	9.46	8.53	8.07	7.89	8.35	8.88	8.78	8.60	9.25	9.55

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,508,867K ÷ $287,281K
= 12.21

Columbia Sportswear Co.'s fixed asset turnover has been consistently high over the past eight quarters, ranging from 11.25 to 12.71. This indicates that the company is efficient in generating sales revenue relative to its investment in fixed assets. The upward trend in fixed asset turnover from Q1 2022 to Q3 2023 suggests that the company has been effectively utilizing its fixed assets to drive revenue growth. Overall, the strong and relatively stable fixed asset turnover ratios reflect Columbia Sportswear Co.'s ability to efficiently manage and optimize its fixed asset base to support its operations and sales activities.