Donaldson Company Inc (DCI)
Fixed asset turnover
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,586,300 | 3,430,800 | 3,306,600 | 2,853,900 | 2,581,800 |
| Property, plant and equipment | US$ in thousands | 645,500 | 652,900 | 594,400 | 617,800 | 631,600 |
| Fixed asset turnover | 5.56 | 5.25 | 5.56 | 4.62 | 4.09 |
July 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,586,300K ÷ $645,500K
= 5.56
Donaldson Company Inc's fixed asset turnover has shown a positive trend over the past five years, with values of 4.09 in 2020, 4.62 in 2021, 5.56 in both 2022 and 2024, and 5.25 in 2023. This indicates that the company is generating sales efficiently relative to its investment in fixed assets. The increase in fixed asset turnover ratio signifies that the company is utilizing its fixed assets more effectively to generate revenue. Overall, the upward trend in fixed asset turnover bodes well for the company's operational efficiency and asset utilization.