Fresh Del Monte Produce Inc (FDP)
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 | 4,280,300 | 4,275,700 | 4,259,300 | 4,300,100 | 4,320,700 | 4,352,100 | 4,402,500 | 4,433,900 | 4,442,300 | 4,419,600 | 4,370,900 | 4,300,600 | 4,252,000 | 4,237,000 | 4,221,900 | 4,172,600 | 4,202,300 | 4,225,200 | 4,305,700 | 4,452,800 |
| Property, plant and equipment | US$ in thousands | 1,191,600 | 1,203,200 | 1,221,300 | 1,234,800 | 1,256,400 | 1,275,600 | 1,281,200 | 1,295,000 | 1,309,500 | 1,321,200 | 1,369,800 | 1,396,900 | 1,415,800 | 1,418,500 | 1,429,900 | 1,419,100 | 1,420,300 | 1,398,600 | 1,390,300 | 1,396,600 |
| Fixed asset turnover | 3.59 | 3.55 | 3.49 | 3.48 | 3.44 | 3.41 | 3.44 | 3.42 | 3.39 | 3.35 | 3.19 | 3.08 | 3.00 | 2.99 | 2.95 | 2.94 | 2.96 | 3.02 | 3.10 | 3.19 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,280,300K ÷ $1,191,600K
= 3.59
Fresh Del Monte Produce Inc's fixed asset turnover has shown a relatively stable trend over the analyzed period, gradually increasing from 3.19 in March 2020 to 3.59 in December 2024. This indicates that the company is generating $3.59 in revenue for every dollar invested in fixed assets by the end of 2024. The consistent improvement in fixed asset turnover suggests that Fresh Del Monte Produce Inc is utilizing its fixed assets more efficiently over time, which is a positive sign for the company's operational performance. A high fixed asset turnover ratio signifies effective asset management and can be indicative of strong operational capabilities within the business.
Peer comparison
Dec 31, 2024