Dorman Products Inc (DORM)

Fixed asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	1,881,730	1,718,170	1,343,090	1,095,250	991,329
Property, plant and equipment	US$ in thousands	160,113	148,477	114,864	91,009	101,837
Fixed asset turnover		11.75	11.57	11.69	12.03	9.73

December 31, 2023 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,881,730K ÷ $160,113K
= 11.75

Dorman Products Inc's fixed asset turnover has been relatively stable over the past five years, with values ranging from 9.73 to 12.05. The fixed asset turnover ratio indicates that, on average, the company generates between 9.73 to 12.05 times in net sales revenue for every dollar invested in fixed assets during these years. This implies that the company efficiently utilizes its fixed assets to generate revenue. The slight fluctuations in the ratio could be attributed to changes in sales or changes in the value of fixed assets over the years. Overall, the consistent high fixed asset turnover suggests that Dorman Products Inc effectively manages its fixed assets to drive sales and generate revenue.