Edgewell Personal Care Co (EPC)
Fixed asset turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,251,600 | 2,171,700 | 2,087,300 | 1,949,700 | 2,141,000 |
| Property, plant and equipment | US$ in thousands | 337,900 | 345,500 | 362,600 | 370,900 | 396,000 |
| Fixed asset turnover | 6.66 | 6.29 | 5.76 | 5.26 | 5.41 |
September 30, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,251,600K ÷ $337,900K
= 6.66
The fixed asset turnover ratio for Edgewell Personal Care Co has shown a positive trend over the past five years, indicating an improvement in the efficiency of the company's fixed asset utilization. The ratio has increased from 5.41 in 2019 to 6.66 in 2023. This signifies that the company generated $6.66 in sales for every dollar invested in fixed assets in 2023, compared to $5.41 in 2019.
The consistent improvement in the fixed asset turnover ratio suggests that Edgewell Personal Care Co has been able to generate more sales from its fixed assets over the years, reflecting efficient management of its property, plant, and equipment. This trend demonstrates the company's ability to optimize the utilization of its fixed assets to drive revenue generation.
Overall, the increasing trend in the fixed asset turnover ratio indicates that Edgewell Personal Care Co has been effectively leveraging its fixed assets to generate sales, portraying a positive aspect of the company's operational efficiency and management of its capital investments.
Peer comparison
Sep 30, 2023