Fortune Brands Innovations Inc. (FBIN)
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 | 4,609,100 | 4,666,200 | 4,772,100 | 4,695,800 | 4,626,200 | 4,596,800 | 4,531,100 | 4,622,800 | 4,723,000 | 4,809,100 | 4,883,500 | 4,858,200 | 4,801,100 | 5,242,800 | 5,625,000 | 5,770,700 | 6,090,300 | 5,901,100 | 5,708,000 | 5,839,400 |
| Property, plant and equipment | US$ in thousands | 999,200 | 981,600 | 976,600 | 982,600 | 975,000 | 929,200 | 866,600 | 805,800 | 783,700 | 1,097,700 | 1,082,800 | 1,064,300 | 670,800 | 934,700 | 918,200 | 905,100 | 917,400 | 791,700 | 794,200 | 807,600 |
| Fixed asset turnover | 4.61 | 4.75 | 4.89 | 4.78 | 4.74 | 4.95 | 5.23 | 5.74 | 6.03 | 4.38 | 4.51 | 4.56 | 7.16 | 5.61 | 6.13 | 6.38 | 6.64 | 7.45 | 7.19 | 7.23 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,609,100K ÷ $999,200K
= 4.61
The fixed asset turnover ratio for Fortune Brands Innovations Inc. has shown a gradual decline over the past few years, indicating a decreasing efficiency in generating sales from its fixed assets. The ratio decreased from 7.23 in March 2020 to 4.61 in December 2024. A high fixed asset turnover ratio suggests that the company is effectively utilizing its fixed assets to generate revenue, whereas a declining ratio may indicate underutilization or inefficiency in managing fixed assets.
The downward trend in the fixed asset turnover ratio could be a concern for potential investors and stakeholders as it suggests a decrease in the efficiency of the company's asset utilization. It would be important for management to closely monitor and potentially improve the company's asset management and operational efficiency to maintain or increase the fixed asset turnover ratio in the future.
Peer comparison
Dec 31, 2024