Capri Holdings Ltd (CPRI)
Fixed asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,134,000 | 5,231,000 | 5,306,000 | 5,434,000 | 5,594,000 | 5,774,000 | 5,891,000 | 5,773,000 | 5,664,000 | 5,377,000 | 5,061,000 | 4,857,000 | 4,043,000 | 4,036,000 | 4,302,000 | 4,640,000 | 5,533,000 | 5,685,000 | 5,500,700 | 5,278,600 |
| Property, plant and equipment | US$ in thousands | 579,000 | 560,000 | 542,000 | 551,000 | 552,000 | 546,000 | 470,000 | 466,000 | 476,000 | 460,000 | 454,000 | 472,000 | 485,000 | 518,000 | 530,000 | 541,000 | 561,000 | 596,000 | 589,000 | 608,000 |
| Fixed asset turnover | 8.87 | 9.34 | 9.79 | 9.86 | 10.13 | 10.58 | 12.53 | 12.39 | 11.90 | 11.69 | 11.15 | 10.29 | 8.34 | 7.79 | 8.12 | 8.58 | 9.86 | 9.54 | 9.34 | 8.68 |
March 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,134,000K ÷ $579,000K
= 8.87
The fixed asset turnover ratio for Capri Holdings Ltd has shown fluctuation over the past few quarters. The ratio indicates how efficiently the company is generating sales revenue relative to its investment in fixed assets. A higher ratio suggests that the company is utilizing its fixed assets effectively to generate sales.
From March 31, 2024, to March 31, 2023, the fixed asset turnover ratio decreased from 10.13 to 8.34, indicating a decrease in efficiency in generating sales relative to fixed assets. However, there was a noticeable improvement in efficiency in the quarter ending September 30, 2022, with a ratio of 12.53, suggesting a strong performance in utilizing fixed assets to generate revenue.
Overall, the trend in the fixed asset turnover ratio fluctuates, showing both increases and decreases over the periods analyzed. It is important for the company to closely monitor and manage its fixed asset utilization to ensure optimal efficiency and effective utilization of resources.
Peer comparison
Mar 31, 2024