Columbia Sportswear Company (COLM)

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	3,368,926	3,332,326	3,386,241	3,436,870	3,487,199	3,596,729	3,566,105	3,523,235	3,464,152	3,424,352	3,273,999	3,262,306	3,126,402	2,912,305	2,808,691	2,558,932	2,501,554	2,540,798	2,746,499	2,956,098
Property, plant and equipment	US$ in thousands	—	—	—	—	—	—	280,578	282,921	291,214	616,231	614,070	623,426	622,016	638,601	648,035	663,715	309,792	322,167	328,904	332,997
Fixed asset turnover		—	—	—	—	—	—	12.71	12.45	11.90	5.56	5.33	5.23	5.03	4.56	4.33	3.86	8.07	7.89	8.35	8.88

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,368,926K ÷ $—K
= —

The fixed asset turnover ratio is a financial metric used to evaluate a company's efficiency in generating sales revenue relative to its investment in fixed assets. A higher fixed asset turnover ratio indicates that a company is utilizing its fixed assets effectively to generate sales.

Analyzing the fixed asset turnover of Columbia Sportswear Company based on the provided data, we observe fluctuations in the ratio over the years. The ratio was relatively stable in the range of 8 to 8.5 from March 2020 to December 2022. This indicated that Columbia Sportswear was efficiently utilizing its fixed assets during this period to generate sales revenue.

However, there was a noticeable decline in the fixed asset turnover ratio from March 2023 to June 2023, dropping to around 12. This sudden increase suggests that Columbia Sportswear significantly increased its sales revenue relative to its fixed assets during this period, indicating improved asset utilization efficiency.

The ratio data for the period after September 2023 is missing, but based on the trend observed until that point, it would be important to monitor future financial updates to assess if the increased turnover ratio was sustained or if there were any significant changes that may impact the company's efficiency in utilizing its fixed assets.

In conclusion, the analysis of Columbia Sportswear's fixed asset turnover ratio indicates fluctuations in asset utilization efficiency over the analyzed period, with a significant increase in turnover observed in early 2023. Continued monitoring of this ratio could provide insights into the company's ongoing operational performance and efficiency in generating sales from its fixed assets.