Domino’s Pizza Inc (DPZ)
Fixed asset turnover
| Dec 31, 2023 | Sep 10, 2023 | Jun 18, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 11, 2022 | Jun 19, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 12, 2021 | Jun 20, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 6, 2020 | Jun 14, 2020 | Mar 22, 2020 | Dec 31, 2019 | Sep 8, 2019 | Jun 16, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,479,360 | 4,468,620 | 4,509,860 | 4,550,410 | 4,537,160 | 4,488,140 | 4,417,530 | 4,384,820 | 4,357,368 | 4,370,728 | 4,340,457 | 4,228,010 | 4,117,414 | 3,911,194 | 3,764,287 | 3,655,911 | 3,618,772 | 3,550,562 | 3,515,715 | 3,483,464 |
| Property, plant and equipment | US$ in thousands | 304,365 | 290,391 | 295,935 | 298,878 | 302,235 | 311,287 | 313,812 | 319,647 | 324,065 | 293,375 | 295,532 | 293,369 | 297,364 | 262,264 | 257,384 | 240,717 | 242,881 | 216,210 | 214,135 | 227,867 |
| Fixed asset turnover | 14.72 | 15.39 | 15.24 | 15.22 | 15.01 | 14.42 | 14.08 | 13.72 | 13.45 | 14.90 | 14.69 | 14.41 | 13.85 | 14.91 | 14.63 | 15.19 | 14.90 | 16.42 | 16.42 | 15.29 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,479,360K ÷ $304,365K
= 14.72
Dominos Pizza Inc's fixed asset turnover ratio has shown a consistent upward trend over the past eight quarters, indicating that the company is generating more revenue relative to its investment in fixed assets. The ratio has ranged from 13.72 to 15.39 over this period, with the highest value recorded in Q3 2023.
This trend suggests that Dominos Pizza Inc is effectively utilizing its fixed assets to drive sales and generate revenue. A higher fixed asset turnover ratio generally indicates better efficiency in asset utilization and can be a positive sign of operational performance. It shows that the company is effectively managing its assets to generate sales, which can lead to improved profitability and return on investment for stakeholders.
Overall, Dominos Pizza Inc's consistently high fixed asset turnover ratios demonstrate efficient asset management and effective utilization of fixed assets to drive revenue growth.
Peer comparison
Dec 31, 2023