Carpenter Technology Corporation (CRS)

Fixed asset turnover

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Revenue	US$ in thousands	2,877,100	2,759,700	2,550,300	1,836,300	1,475,600
Property, plant and equipment	US$ in thousands	—	1,374,200	1,383,800	1,420,800	1,457,500
Fixed asset turnover		—	2.01	1.84	1.29	1.01

June 30, 2025 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,877,100K ÷ $—K
= —

The fixed asset turnover ratio for Carpenter Technology Corporation has demonstrated a consistent upward trend over the periods provided. Specifically, as of June 30, 2021, the ratio was 1.01, indicating that the company generated approximately $1.01 in sales for each dollar invested in fixed assets. By June 30, 2022, this ratio increased to 1.29, reflecting an improving utilization of fixed assets to generate revenue. The subsequent year, June 30, 2023, saw a further increase to 1.84, signifying continued efficiency gains and more effective deployment of fixed assets in the company's operations.

The trajectory persisted into June 30, 2024, reaching 2.01, which suggests an even higher level of asset utilization. This increase in the ratio indicates that the company was able to significantly enhance its sales relative to its fixed asset base over these years. The data for June 30, 2025, is unavailable, leaving the trend open to further analysis once updated figures are available.

Overall, the progressive rise in fixed asset turnover ratio over the observed period signifies that Carpenter Technology Corporation has been increasingly effective in generating sales from its fixed assets. This improvement could be attributed to operational efficiencies, better asset management, or strategic investments that have optimized the productivity of the company's fixed asset base.