Eagle Materials Inc (EXP)
Fixed asset turnover
| Mar 31, 2025 | Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,260,508 | 2,267,040 | 2,267,848 | 2,266,465 | 2,259,297 | 2,252,717 | 2,205,371 | 2,188,203 | 2,148,069 | 2,091,059 | 2,042,513 | 1,947,139 | 1,861,522 | 1,791,707 | 1,733,433 | 1,671,423 | 1,623,673 | 1,595,813 | 1,541,395 | 1,508,237 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 1,698,810 | 1,705,070 | 1,662,060 | 1,641,640 | 1,677,740 | 1,661,120 | 1,640,400 | 1,626,990 | 1,654,260 | 1,665,840 | 1,659,100 | 1,680,650 | 1,706,200 | 1,726,360 |
| Fixed asset turnover | — | — | — | — | — | — | 1.30 | 1.28 | 1.29 | 1.27 | 1.22 | 1.17 | 1.13 | 1.10 | 1.05 | 1.00 | 0.98 | 0.95 | 0.90 | 0.87 |
March 31, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,260,508K ÷ $—K
= —
Fixed asset turnover is a financial ratio that measures how efficiently a company is generating revenue from its investments in fixed assets. For Eagle Materials Inc, the fixed asset turnover has shown a consistent upward trend over the past few periods, indicating improved efficiency in utilizing its fixed assets.
The fixed asset turnover ratio for Eagle Materials Inc increased from 0.87 as of June 30, 2020, to 1.30 as of September 30, 2023. This suggests that the company generated $1.30 in revenue for every $1 invested in fixed assets by the end of the third quarter of 2023. The steady increase in the ratio reflects the company's ability to generate more sales relative to its investment in fixed assets.
However, it is noteworthy that the fixed asset turnover ratio remained unchanged at 1.30 from September 30, 2023, to December 31, 2023, before becoming unavailable for the subsequent periods. This could indicate a plateau in the efficiency of utilizing fixed assets or a change in reporting practices.
Overall, the trend in Eagle Materials Inc's fixed asset turnover indicates a positive trajectory in the company's operational efficiency and revenue generation from its fixed asset base. A high fixed asset turnover ratio generally signifies effective asset management and optimal utilization of resources to drive revenue growth.