Crocs Inc (CROX)
Fixed asset turnover
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,799,361 | 3,774,430 | 3,720,249 | 3,622,738 | 3,424,385 | 3,112,307 | 2,781,762 | 2,484,734 | 2,300,270 | 2,125,150 | 1,864,815 | 1,557,826 | 1,377,267 | 1,228,740 | 1,178,749 | 1,205,848 | 1,221,229 | 1,174,239 | 1,127,337 | 1,100,907 |
| Property, plant and equipment | US$ in thousands | 238,315 | 223,061 | 213,844 | 190,492 | 181,529 | 163,374 | 140,278 | 135,649 | 108,398 | 91,318 | 76,949 | 70,150 | 57,467 | 56,321 | 52,136 | 47,019 | 47,405 | 42,266 | 36,237 | 29,874 |
| Fixed asset turnover | 15.94 | 16.92 | 17.40 | 19.02 | 18.86 | 19.05 | 19.83 | 18.32 | 21.22 | 23.27 | 24.23 | 22.21 | 23.97 | 21.82 | 22.61 | 25.65 | 25.76 | 27.78 | 31.11 | 36.85 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,799,361K ÷ $238,315K
= 15.94
Crocs Inc's fixed asset turnover ratio has shown a consistent trend of improvement over the last eight quarters. The ratio has increased steadily from 16.63 in Q4 2022 to 18.53 in Q1 2022, indicating that the company is generating more revenue relative to its fixed assets. This implies more efficient utilization of fixed assets to generate sales. Furthermore, the ratio has remained above 16.00 for the entire period, indicating that Crocs Inc has been able to effectively leverage its fixed assets to drive revenue growth. Overall, the increasing trend in fixed asset turnover suggests effective management of fixed assets and operational efficiency within the company.
Peer comparison
Dec 31, 2023