Coty Inc (COTY)
Fixed asset turnover
| Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,892,900 | 6,003,900 | 6,090,400 | 6,148,100 | 6,118,000 | 6,106,200 | 6,009,500 | 5,805,500 | 5,554,100 | 5,370,800 | 5,268,100 | 5,322,700 | 5,304,400 | 5,198,500 | 5,040,100 | 4,877,500 | 4,629,900 | 4,127,900 | 4,628,100 | 5,557,500 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | — | 970,600 | 712,900 | 697,200 | 688,700 | 968,200 | 715,500 | 740,300 | 772,700 | 847,100 | 1,236,600 | 942,600 | 1,012,400 | 1,051,200 |
| Fixed asset turnover | — | — | — | — | — | — | — | 5.98 | 7.79 | 7.70 | 7.65 | 5.50 | 7.41 | 7.02 | 6.52 | 5.76 | 3.74 | 4.38 | 4.57 | 5.29 |
June 30, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,892,900K ÷ $—K
= —
The fixed asset turnover ratio of Coty Inc exhibits notable fluctuations over the analyzed period, reflecting variations in operational efficiency related to the utilization of its fixed assets to generate sales revenue.
In the fiscal year ending September 30, 2020, the ratio stood at 5.29, indicating a relatively efficient use of fixed assets at that time. This level declined substantially by December 31, 2020, reaching 4.57, and further decreased to 4.38 by March 31, 2021, suggesting a diminished efficiency in asset utilization during this period. The decline continued into June 30, 2021, where the ratio dropped to 3.74, which could be indicative of either increased invested capital in fixed assets or a slowdown in sales relative to fixed asset levels.
Subsequently, the ratio rebounded notably, rising to 5.76 by September 30, 2021, and further increasing to 6.52 by December 31, 2021. This upward trend continued into 2022, reaching 7.02 on March 31 and surpassing it with 7.41 on June 30, reflecting a period of improved efficiency or asset deployment effectiveness. However, a contraction was observed later in the year, with the ratio declining to 5.50 by September 30, 2022.
The ratio exhibited a strong upward trend across 2022 and early 2023, attaining levels of 7.65 on December 31, 2022, and slightly increasing to 7.70 on March 31, 2023, and further to 7.79 on June 30, 2023, indicating a peak in asset utilization efficiency. Nonetheless, a decline was noted thereafter, with the ratio reducing to 5.98 on September 30, 2023.
Overall, the fixed asset turnover ratio demonstrates a cycle of declines and recoveries over the reference period, reflecting changing operational efficiencies and possibly strategic shifts in asset management. The data suggests periods of improved utilization in late 2021 and mid-2022, contrasted with periods of diminished efficiency, particularly in late 2020 and most notably in late 2023. The absence of data beyond March 2024 limits further analysis of recent trends.
Peer comparison
Jun 30, 2025