Ethan Allen Interiors Inc (ETD)
Fixed asset turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 646,145 | 791,139 | 817,618 | 684,831 | 589,837 |
| Property, plant and equipment | US$ in thousands | 215,258 | 222,167 | 223,530 | 231,446 | 236,678 |
| Fixed asset turnover | 3.00 | 3.56 | 3.66 | 2.96 | 2.49 |
June 30, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $646,145K ÷ $215,258K
= 3.00
Ethan Allen Interiors Inc's fixed asset turnover ratio has exhibited fluctuations over the past five years. The ratio was highest in the fiscal year ending June 30, 2022, at 3.66, indicating that the company generated $3.66 in revenue for every dollar invested in fixed assets during that period. This suggests efficient utilization of fixed assets to generate sales.
The following year, the ratio slightly decreased to 3.56, still indicating a strong level of efficiency in asset utilization. However, in the most recent fiscal year ending June 30, 2024, the fixed asset turnover ratio decreased further to 3.00. Although the ratio remains relatively high, this decline may suggest a decrease in the efficiency of utilizing fixed assets to generate sales compared to prior years.
It is notable that despite the fluctuations, Ethan Allen Interiors Inc maintains a fixed asset turnover ratio above 2.0 in each year, indicating effective management of fixed assets to drive revenue. Further analysis and comparison with industry benchmarks may help provide additional context to understand the company's performance in leveraging its fixed assets efficiently.
Peer comparison
Jun 30, 2024