ESCO Technologies Inc (ESE)
Fixed asset turnover
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,011,553 | 989,298 | 978,104 | 959,068 | 947,264 | 931,693 | 903,174 | 880,215 | 852,649 | 802,596 | 765,775 | 728,079 | 714,210 | 717,564 | 707,792 | 720,752 | 727,651 | 756,279 | 782,930 | 797,707 |
| Property, plant and equipment | US$ in thousands | 170,596 | 164,749 | 161,811 | 159,262 | 155,500 | 155,337 | 154,020 | 155,722 | 156,000 | 155,961 | 156,963 | 155,712 | 154,300 | 141,967 | 143,401 | 141,538 | 139,900 | 141,461 | 139,248 | 135,576 |
| Fixed asset turnover | 5.93 | 6.00 | 6.04 | 6.02 | 6.09 | 6.00 | 5.86 | 5.65 | 5.47 | 5.15 | 4.88 | 4.68 | 4.63 | 5.05 | 4.94 | 5.09 | 5.20 | 5.35 | 5.62 | 5.88 |
September 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,011,553K ÷ $170,596K
= 5.93
The fixed asset turnover ratio for ESCO Technologies Inc has shown a mostly consistent trend over the past few years. The ratio has been relatively stable, ranging between 4.63 and 6.09. This indicates that the company has been effectively utilizing its fixed assets to generate revenue.
In general, a higher fixed asset turnover ratio suggests that the company is generating more revenue per dollar of invested fixed assets. ESCO Technologies Inc's ratio has been above 5 for the most part, indicating efficient asset utilization.
However, it is worth noting that there has been a slight downward trend in the fixed asset turnover ratio over the past few quarters, from a peak of 6.09 to a low of 4.88. This could suggest a decrease in the efficiency of the company's fixed asset utilization during this period.
Overall, while ESCO Technologies Inc has maintained a relatively strong fixed asset turnover ratio, management may need to monitor the trend and consider strategies to improve asset utilization efficiency in the future.
Peer comparison
Sep 30, 2024