Fastenal Company (FAST)
Fixed asset turnover
| 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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 7,547,800 | 7,480,800 | 7,414,600 | 7,378,100 | 7,340,200 | 7,272,600 | 7,226,700 | 7,122,900 | 6,965,300 | 6,804,100 | 6,556,500 | 6,284,600 | 6,001,600 | 5,830,100 | 5,690,000 | 5,691,200 | 5,641,200 | 5,560,100 | 5,523,900 | 5,382,800 |
| Property, plant and equipment | US$ in thousands | 1,056,600 | 1,044,200 | 1,025,800 | 1,013,000 | 1,011,100 | 1,011,700 | 1,010,300 | 1,003,500 | 1,010,000 | 1,008,500 | 1,008,700 | 1,008,400 | 1,019,200 | 1,019,200 | 1,015,800 | 1,022,000 | 1,030,700 | 1,023,700 | 1,029,700 | 1,027,700 |
| Fixed asset turnover | 7.14 | 7.16 | 7.23 | 7.28 | 7.26 | 7.19 | 7.15 | 7.10 | 6.90 | 6.75 | 6.50 | 6.23 | 5.89 | 5.72 | 5.60 | 5.57 | 5.47 | 5.43 | 5.36 | 5.24 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $7,547,800K ÷ $1,056,600K
= 7.14
Fastenal Company's fixed asset turnover has been showing an increasing trend over the past few years, indicating the company's efficiency in generating sales from its fixed assets. The ratio has consistently improved from 5.24 as of March 31, 2020, to 7.14 as of December 31, 2024. This suggests that the company has been utilizing its fixed assets more effectively over time to generate revenue. The upward trend in fixed asset turnover is a positive sign of operational efficiency and effectiveness in utilizing the company's asset base to drive sales growth.
Peer comparison
Dec 31, 2024