CTS Corporation (CTS)
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 | 515,701 | 512,960 | 515,088 | 530,178 | 550,422 | 568,009 | 585,368 | 585,168 | 586,869 | 577,119 | 547,590 | 532,193 | 512,925 | 503,412 | 494,807 | 449,419 | 424,067 | 416,089 | 417,963 | 454,450 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 120,425 | 120,724 | 96,280 | 120,002 | 118,536 | 122,089 | 97,041 | 118,470 | 114,989 | 116,167 | 118,468 | 97,437 | 97,777 | 99,349 | 101,755 |
| Fixed asset turnover | — | — | — | — | — | 4.72 | 4.85 | 6.08 | 4.89 | 4.87 | 4.49 | 5.48 | 4.33 | 4.38 | 4.26 | 3.79 | 4.35 | 4.26 | 4.21 | 4.47 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $515,701K ÷ $—K
= —
The fixed asset turnover ratio for CTS Corporation measures how efficiently the company is generating sales revenue from its fixed assets. A higher ratio indicates better utilization of fixed assets to generate sales.
From the data provided, we observe fluctuations in CTS Corporation's fixed asset turnover over the quarters. The ratio ranged from a low of 3.79 in March 31, 2021, to a high of 6.08 in March 31, 2023. This suggests a fluctuating efficiency in generating sales from fixed assets over the period under consideration.
The trend shows an initial decrease in fixed asset turnover from March 31, 2020, to March 31, 2021, implying that sales generated from fixed assets decreased during this period. However, the ratio improved significantly in subsequent quarters up to March 31, 2023, indicating enhanced efficiency in utilizing fixed assets to generate sales revenue.
The absence of data for the latter part of 2024 indicates incomplete information for a comprehensive assessment of the fixed asset turnover trend. Further analysis and additional data points would be needed to assess the sustained efficiency in utilizing fixed assets for sales generation.
In conclusion, CTS Corporation has shown varying levels of efficiency in generating sales from fixed assets over the analyzed period, with improvements observed in some quarters. It would be essential for stakeholders to monitor this ratio continuously to ensure optimal utilization of the company's fixed assets.
Peer comparison
Dec 31, 2024