Dorman Products Inc (DORM)

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	1,893,680	1,901,551	1,836,706	1,784,557	1,718,167	1,624,260	1,560,827	1,455,608	1,343,272	1,247,556	1,200,483	1,123,030	1,095,246	1,033,597	986,773	1,007,766	991,329	1,012,103	1,006,261	1,228,380
Property, plant and equipment	US$ in thousands	160,113	157,737	156,544	151,541	148,477	122,106	117,930	116,225	114,864	116,309	88,164	90,699	91,009	94,217	95,886	99,082	101,837	103,483	102,304	101,395
Fixed asset turnover		11.83	12.06	11.73	11.78	11.57	13.30	13.24	12.52	11.69	10.73	13.62	12.38	12.03	10.97	10.29	10.17	9.73	9.78	9.84	12.11

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,893,680K ÷ $160,113K
= 11.83

The fixed asset turnover ratio for Dorman Products Inc has ranged between 11.68 and 13.35 over the past eight quarters. This ratio measures how efficiently the company is utilizing its fixed assets to generate revenue. A higher fixed asset turnover ratio indicates that the company is generating more revenue per dollar of fixed assets, which is a positive sign of operational efficiency.

The trend in Dorman Products Inc's fixed asset turnover ratio shows relatively consistent performance, with only slight fluctuations from quarter to quarter. This stability suggests that the company has been effectively managing its fixed assets to generate revenue consistently over time.

Overall, Dorman Products Inc's fixed asset turnover ratio indicates a healthy operational efficiency in utilizing its fixed assets to generate sales. Monitoring this ratio over time can provide insight into the company's ability to generate revenue from its investment in fixed assets.