Capri Holdings Ltd (CPRI)
Fixed asset turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,134,000 | 5,594,000 | 5,664,000 | 4,043,000 | 5,528,000 |
| Property, plant and equipment | US$ in thousands | 579,000 | 552,000 | 476,000 | 485,000 | 561,000 |
| Fixed asset turnover | 8.87 | 10.13 | 11.90 | 8.34 | 9.85 |
March 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $5,134,000K ÷ $579,000K
= 8.87
The fixed asset turnover ratio for Capri Holdings Ltd has exhibited fluctuations over the past five years. The ratio peaked at 11.90 in 2022, indicating that the company generated $11.90 in sales for every dollar invested in fixed assets during that year. This suggests efficient utilization of fixed assets to generate revenue.
Subsequently, the ratio decreased to 8.34 in 2021 before rebounding to 10.13 in 2023. The significant fluctuations in the ratio may indicate changes in the company's operational efficiency and asset management strategies during these years.
In the most recent period ending March 31, 2024, the fixed asset turnover ratio stands at 8.87. While lower than the peak in 2022, it still demonstrates that Capri Holdings is generating strong sales relative to its investment in fixed assets.
Overall, the analysis of Capri Holdings Ltd's fixed asset turnover ratio suggests varying levels of efficiency in utilizing fixed assets to generate sales over the past five years, highlighting the importance of monitoring and optimizing asset utilization strategies for sustainable business performance.
Peer comparison
Mar 31, 2024