Crocs Inc (CROX)
Fixed asset turnover
| 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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,063,771 | 4,001,482 | 3,944,352 | 3,864,032 | 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 |
| Property, plant and equipment | US$ in thousands | 244,335 | 243,358 | 244,067 | 242,859 | 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 |
| Fixed asset turnover | 16.63 | 16.44 | 16.16 | 15.91 | 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 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,063,771K ÷ $244,335K
= 16.63
Crocs Inc's fixed asset turnover ratio has exhibited a slight decline over the past few years, indicating a decrease in the efficiency of generating sales from its fixed assets. The ratio peaked at 25.65 in March 2020 but gradually decreased to 16.63 by December 2024. This downward trend suggests that the company may not be effectively utilizing its fixed assets to generate revenue. Management should closely monitor this ratio and consider strategies to improve the efficiency of asset utilization to drive profitability and sustainable growth in the future.
Peer comparison
Dec 31, 2024