Darling Ingredients Inc (DAR)
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 | 6,537,880 | 6,817,070 | 6,938,130 | 6,823,800 | 6,402,280 | 6,008,080 | 5,446,680 | 4,998,880 | 4,679,450 | 4,377,748 | 4,041,368 | 3,690,927 | 3,499,347 | 3,409,387 | 3,402,572 | 3,369,843 | 3,349,524 | 3,343,226 | 3,314,219 | 3,303,513 |
| Property, plant and equipment | US$ in thousands | 2,935,180 | 2,798,730 | 2,774,530 | 2,712,820 | 2,462,080 | 2,345,670 | 2,237,200 | 1,867,880 | 1,840,080 | 1,834,670 | 1,846,810 | 1,822,080 | 1,863,810 | 1,789,170 | 1,773,330 | 1,764,120 | 1,802,410 | 1,714,770 | 1,722,300 | 1,691,560 |
| Fixed asset turnover | 2.23 | 2.44 | 2.50 | 2.52 | 2.60 | 2.56 | 2.43 | 2.68 | 2.54 | 2.39 | 2.19 | 2.03 | 1.88 | 1.91 | 1.92 | 1.91 | 1.86 | 1.95 | 1.92 | 1.95 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $6,537,880K ÷ $2,935,180K
= 2.23
The fixed asset turnover ratio for Darling Ingredients Inc has shown fluctuations over the periods analyzed. The ratio indicates how efficiently the company is generating revenue from its investment in fixed assets.
The trend in the fixed asset turnover ratio has been relatively stable, with some variations observed. The ratio ranged from a low of 1.86 to a high of 2.68 over the past five years. A higher fixed asset turnover ratio generally implies better utilization of fixed assets to generate sales.
Overall, the company's fixed asset turnover ratio has averaged around 2.25 over the past five years, indicating that Darling Ingredients Inc has been able to effectively utilize its fixed assets to generate revenue. However, the company should continue to monitor and manage its fixed asset turnover to ensure efficient utilization of its assets for sustainable growth and profitability.
Peer comparison
Dec 31, 2023