Donaldson Company Inc (DCI)
Fixed asset turnover
| Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,690,900 | 3,645,600 | 3,633,400 | 3,640,100 | 3,586,300 | 3,530,400 | 3,478,200 | 3,429,800 | 3,430,800 | 3,441,300 | 3,418,800 | 3,393,000 | 3,306,600 | 3,189,700 | 3,101,500 | 2,978,100 | 2,853,800 | 2,698,100 | 2,562,800 | 2,545,700 |
| Property, plant and equipment | US$ in thousands | — | 648,300 | 637,800 | 647,400 | — | — | — | 642,300 | 652,900 | 640,900 | 625,800 | 590,800 | 594,400 | 591,100 | 601,000 | 609,700 | 617,800 | 626,300 | 624,300 | 617,100 |
| Fixed asset turnover | — | 5.62 | 5.70 | 5.62 | — | — | — | 5.34 | 5.25 | 5.37 | 5.46 | 5.74 | 5.56 | 5.40 | 5.16 | 4.88 | 4.62 | 4.31 | 4.11 | 4.13 |
July 31, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,690,900K ÷ $—K
= —
The analysis of Donaldson Company Inc.'s fixed asset turnover ratio over the observed periods reveals noteworthy trends. The ratio consistently increased from October 31, 2020, through October 31, 2022, indicating an improvement in the company's efficiency in utilizing its fixed assets to generate net sales. Specifically, the ratio rose from 4.13 in October 2020 to a peak of 5.74 in October 2022. This upward movement suggests that the company effectively optimized its asset base during this period, achieving higher sales per dollar invested in fixed assets.
Subsequently, the ratio experienced a modest decline in early 2023, dropping to 5.37 in April 2023 and further to 5.25 in July 2023. By October 2023, the ratio slightly increased again to 5.34, indicating relative stabilization but not a return to previous peak levels. This fluctuation may reflect minor shifts in asset utilization efficiency or changes in sales volume related to broader market or internal factors.
Additionally, the data suggests a continued upward trajectory from October 2024 onwards, with the ratio reaching approximately 5.62 in October 2024 and further increasing to 5.70 in January 2025. These recent improvements point to ongoing or renewed enhancements in asset utilization efficiency, although this trend is observed over limited data points.
Overall, the fixed asset turnover ratio for Donaldson Company Inc. demonstrates a clear enhancement in asset productivity from late 2020 through 2022, followed by periods of stabilization and slight fluctuation in subsequent years. The ongoing upward trend in early 2025 indicates potential further improvements in operational efficiency related to fixed assets.