Franklin Electric Co Inc (FELE)
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 | 2,041,219 | 2,056,177 | 2,068,471 | 2,054,878 | 2,024,939 | 1,973,102 | 1,885,052 | 1,771,958 | 1,654,390 | 1,542,467 | 1,435,189 | 1,306,706 | 1,241,381 | 1,242,820 | 1,241,335 | 1,287,613 | 1,310,047 | 1,306,547 | 1,295,924 | 1,283,749 |
| Property, plant and equipment | US$ in thousands | 229,739 | 222,395 | 224,464 | 220,592 | 215,154 | 207,714 | 210,639 | 214,190 | 210,654 | 205,970 | 210,423 | 205,137 | 209,021 | 186,767 | 186,363 | 188,646 | 201,328 | 197,712 | 202,100 | 202,597 |
| Fixed asset turnover | 8.88 | 9.25 | 9.22 | 9.32 | 9.41 | 9.50 | 8.95 | 8.27 | 7.85 | 7.49 | 6.82 | 6.37 | 5.94 | 6.65 | 6.66 | 6.83 | 6.51 | 6.61 | 6.41 | 6.34 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,041,219K ÷ $229,739K
= 8.88
The fixed asset turnover ratio for Franklin Electric Co., Inc. has been relatively stable over the past eight quarters, ranging from 8.31 to 9.57. This indicates that the company generates a consistent level of sales revenue in relation to its investment in fixed assets. A higher fixed asset turnover ratio typically suggests that the company is using its fixed assets efficiently to generate sales.
The slight fluctuations in the fixed asset turnover ratio may be attributed to changes in sales volume or improvements in asset utilization efficiency. Overall, the consistently high fixed asset turnover ratios reflect the company's effectiveness in utilizing its fixed assets to generate revenue. It indicates that Franklin Electric Co., Inc. is efficiently managing its investments in fixed assets to drive sales growth and productivity.
Peer comparison
Dec 31, 2023