Fresh Del Monte Produce Inc (FDP)
Fixed asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 4,489,000 | 4,509,700 | 4,509,000 | 4,542,000 |
| Property, plant and equipment | US$ in thousands | 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 | 1,403,200 | 1,406,100 | 1,416,100 | 1,403,700 |
| Fixed asset turnover | 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 | 3.20 | 3.21 | 3.18 | 3.24 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,320,700K ÷ $1,256,400K
= 3.44
Fresh Del Monte Produce Inc has shown a consistent trend of improving its fixed asset turnover ratio over the past few years. The ratio has been steadily increasing from 2.94 in March 2021 to 3.44 in December 2023, indicating the company's ability to generate more revenue for each dollar invested in its fixed assets. This improvement suggests that Fresh Del Monte Produce Inc is efficiently utilizing its fixed assets to drive sales and operations. Overall, the upward trend in fixed asset turnover reflects the company's effectiveness in managing and maximizing the productivity of its fixed assets over the analyzed period.
Peer comparison
Dec 31, 2023