CSW Industrials Inc (CSWI)
Fixed asset turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 795,517 | 757,800 | 626,520 | 419,228 | 386,704 |
| Property, plant and equipment | US$ in thousands | 92,811 | 88,235 | 87,032 | 82,554 | 57,178 |
| Fixed asset turnover | 8.57 | 8.59 | 7.20 | 5.08 | 6.76 |
March 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $795,517K ÷ $92,811K
= 8.57
The fixed asset turnover ratio measures how efficiently CSW Industrials Inc is using its fixed assets to generate sales. Over the past five years, the company's fixed asset turnover has exhibited some fluctuations. In the most recent fiscal year ending March 31, 2024, the ratio stands at 8.57, which indicates that for every dollar invested in fixed assets, the company generated $8.57 in sales. This suggests a high level of efficiency in utilizing fixed assets in revenue generation.
Comparing this to the previous years, we observe a relatively consistent trend in the range of 5.08 to 8.59, with some fluctuations. The peak in the ratio was seen in the fiscal year ending March 31, 2023, at 8.59, showcasing a strong performance in asset utilization for revenue generation. However, the ratio dipped to 5.08 in the fiscal year ending March 31, 2021, before rebounding in subsequent years.
Overall, the trend in CSW Industrials Inc's fixed asset turnover indicates fluctuations but generally showcases a strong ability to efficiently use fixed assets to generate sales, with the most recent year displaying a notably high level of efficiency.
Peer comparison
Mar 31, 2024