Crocs Inc (CROX)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	4,094,330	3,799,360	3,421,060	2,291,690	1,375,710
Property, plant and equipment	US$ in thousands	244,335	238,315	181,529	108,398	57,467
Fixed asset turnover		16.76	15.94	18.85	21.14	23.94

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $4,094,330K ÷ $244,335K
= 16.76

Crocs Inc's fixed asset turnover has shown a decreasing trend over the years, declining from 23.94 in 2020 to 16.76 in 2024. This indicates that the company's ability to generate sales revenue from its investment in fixed assets has decreased over time. A lower fixed asset turnover could imply inefficient utilization of fixed assets or a decrease in sales relative to the value of fixed assets. Management may need to evaluate the company's asset utilization and consider strategies to improve efficiency and profitability.

Peer comparison

Dec 31, 2024

Company name

Symbol

Fixed asset turnover

Crocs Inc

CROX

16.76

Deckers Outdoor Corporation