Carlisle Companies Incorporated (CSL)
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 | 4,586,900 | 4,609,300 | 4,846,500 | 5,314,400 | 5,918,100 | 6,144,200 | 5,962,800 | 5,365,700 | 4,810,300 | 4,422,600 | 4,164,000 | 3,951,600 | 4,040,900 | 4,196,900 | 4,420,500 | 4,769,900 | 4,811,600 | 4,744,600 | 4,645,400 | 4,566,700 |
| Property, plant and equipment | US$ in thousands | 655,200 | 627,200 | 798,800 | 840,400 | 602,000 | 790,900 | 785,100 | 769,100 | 759,900 | 734,100 | 674,200 | 764,400 | 672,100 | 765,900 | 764,300 | 771,200 | 783,500 | 757,100 | 778,600 | 772,400 |
| Fixed asset turnover | 7.00 | 7.35 | 6.07 | 6.32 | 9.83 | 7.77 | 7.59 | 6.98 | 6.33 | 6.02 | 6.18 | 5.17 | 6.01 | 5.48 | 5.78 | 6.19 | 6.14 | 6.27 | 5.97 | 5.91 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,586,900K ÷ $655,200K
= 7.00
Carlisle Companies Inc.'s fixed asset turnover has demonstrated variability over the past eight quarters, ranging from a low of 6.86 in Q1 2022 to a high of 8.64 in Q3 2023. The average fixed asset turnover ratio for this period is approximately 7.70.
A high fixed asset turnover ratio indicates that the company is generating a significant amount of revenue relative to its investment in fixed assets. This can be seen as an efficient use of assets, as the company is able to generate more sales with fewer fixed assets.
The variability in the fixed asset turnover ratio may suggest fluctuations in the company's operational efficiency and potential changes in its business operations or asset base during the period under review. Investors and analysts may want to further investigate the factors driving these fluctuations to better understand the company's performance and strategic direction.
Peer comparison
Dec 31, 2023