CSW Industrials Inc (CSWI)
Fixed asset turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 841,284 | 817,011 | 794,193 | 777,621 | 773,747 | 761,286 | 757,853 | 735,524 | 700,717 | 665,110 | 626,436 | 586,536 | 540,182 | 489,537 | 419,236 | 384,436 | 378,220 | 374,604 | 385,973 | 378,873 |
| Property, plant and equipment | US$ in thousands | 95,128 | 92,371 | 92,811 | 89,344 | 88,655 | 89,392 | 88,235 | 85,814 | 85,401 | 85,627 | 87,032 | 82,557 | 80,956 | 80,664 | 82,554 | 86,254 | 57,734 | 57,124 | 57,178 | 55,599 |
| Fixed asset turnover | 8.84 | 8.84 | 8.56 | 8.70 | 8.73 | 8.52 | 8.59 | 8.57 | 8.21 | 7.77 | 7.20 | 7.10 | 6.67 | 6.07 | 5.08 | 4.46 | 6.55 | 6.56 | 6.75 | 6.81 |
September 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $841,284K ÷ $95,128K
= 8.84
Fixed asset turnover measures how efficiently a company is utilizing its fixed assets to generate revenue. A higher fixed asset turnover ratio indicates that the company is generating more sales for each dollar invested in fixed assets.
Looking at the trend for CSW Industrials Inc's fixed asset turnover ratio over the past few quarters, we can see a general upward trend from 4.46 in March 2021 to 8.84 in September 2024. This indicates an improvement in the company's efficiency in utilizing its fixed assets to generate revenue.
The consistent increase in the fixed asset turnover ratio suggests that the company is becoming more efficient in utilizing its fixed assets over time. This improvement could be attributed to better asset management practices, operational efficiency, or possibly divestment of underperforming assets.
Overall, the increasing trend in CSW Industrials Inc's fixed asset turnover ratio is a positive indicator of the company's operational efficiency and effective use of its fixed assets to drive revenue growth.
Peer comparison
Sep 30, 2024