Eagle Materials Inc (EXP)
Fixed asset turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,217,040 | 2,112,900 | 1,824,550 | 1,691,400 | 1,412,390 |
| Property, plant and equipment | US$ in thousands | 1,676,220 | 1,662,060 | 1,616,540 | 1,659,100 | 1,756,420 |
| Fixed asset turnover | 1.32 | 1.27 | 1.13 | 1.02 | 0.80 |
March 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,217,040K ÷ $1,676,220K
= 1.32
Eagle Materials Inc's fixed asset turnover has shown a positive trend over the past five years, increasing from 0.80 in March 2020 to 1.32 in March 2024. This indicates that the company is generating more revenue relative to its fixed assets investments. The improvement in fixed asset turnover suggests that Eagle Materials Inc is managing its fixed assets more efficiently over time, likely through better utilization and optimization of its assets. This could be a positive sign of operational improvements and effective capital allocation within the company.