Coty Inc (COTY)
Fixed asset turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,119,900 | 5,281,400 | 5,118,600 | 4,115,500 | 4,449,400 |
| Property, plant and equipment | US$ in thousands | 718,900 | 712,900 | 715,500 | 918,100 | 1,081,600 |
| Fixed asset turnover | 8.51 | 7.41 | 7.15 | 4.48 | 4.11 |
June 30, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $6,119,900K ÷ $718,900K
= 8.51
Coty Inc's fixed asset turnover has shown a consistent upward trend over the past five years, increasing from 4.11 in 2020 to 8.51 in 2024. This indicates that the company is generating more revenue per dollar of fixed assets invested. The improvement in fixed asset turnover suggests increased efficiency in utilizing its fixed assets to generate sales, which is a positive sign for operational performance. The higher fixed asset turnover ratio in 2024 compared to previous years indicates that Coty Inc has been more successful in generating sales from its investment in fixed assets. Overall, the trend in fixed asset turnover reflects positively on the company's operational efficiency and asset utilization.
Peer comparison
Jun 30, 2024