Crane NXT Co (CXT)
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 | 1,905,100 | 3,921,400 | 3,903,600 | 3,885,200 | 3,913,800 | 2,311,100 | 2,869,800 | 3,391,300 | 3,299,400 | 3,212,500 | 3,005,200 | 2,794,000 | 2,761,300 | 2,915,200 | 3,001,000 | 3,198,300 | 3,283,100 | 3,285,200 | 3,368,700 | 3,378,100 |
| Property, plant and equipment | US$ in thousands | 261,200 | 244,700 | 251,300 | 508,000 | 261,600 | 493,900 | 514,200 | 516,200 | 555,600 | 525,800 | 538,200 | 574,500 | 573,700 | 595,600 | 597,900 | 607,100 | 616,300 | 581,800 | 595,500 | 595,800 |
| Fixed asset turnover | 7.29 | 16.03 | 15.53 | 7.65 | 14.96 | 4.68 | 5.58 | 6.57 | 5.94 | 6.11 | 5.58 | 4.86 | 4.81 | 4.89 | 5.02 | 5.27 | 5.33 | 5.65 | 5.66 | 5.67 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,905,100K ÷ $261,200K
= 7.29
Fixed asset turnover measures how efficiently a company generates sales from its fixed assets. A higher fixed asset turnover indicates better utilization of fixed assets to generate revenue. In the case of Crane NXT Co, the fixed asset turnover ratio has shown fluctuations over the periods analyzed.
The ratio ranged from as low as 4.68 to as high as 16.03, with significant variability between quarters. In general, the company appears to have experienced periods of both high and low efficiency in utilizing its fixed assets to generate sales. For example, in September 2023 and June 2023, the company achieved exceptional fixed asset turnover ratios of 16.03 and 15.53, respectively, indicating strong efficiency in generating revenue from fixed assets.
However, there were also periods, such as in December 2022 and September 2022, where the fixed asset turnover was lower, at 4.68 and 5.58, respectively. This suggests that during these periods, Crane NXT Co may have experienced challenges or inefficiencies in leveraging its fixed assets for sales generation.
Overall, a trend analysis of fixed asset turnover for Crane NXT Co indicates fluctuations in efficiency over time. Further examination of the factors influencing these fluctuations, such as changes in sales volume or asset utilization, would provide additional insights into the company's operational performance.
Peer comparison
Dec 31, 2023