Floor & Decor Holdings Inc (FND)
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 | 4,455,780 | 4,396,480 | 4,386,360 | 4,389,120 | 4,413,880 | 4,413,830 | 4,403,840 | 4,357,790 | 4,264,470 | 4,130,735 | 3,909,468 | 3,679,726 | 3,433,533 | 3,242,850 | 3,051,144 | 2,653,388 | 2,425,788 | 2,229,138 | 2,065,384 | 2,123,343 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 2,869,090 | 1,443,500 | 1,344,990 | 2,463,690 | 1,164,120 | 2,263,460 | 1,007,940 | 929,083 | 836,310 | 1,782,350 | 611,311 | 579,359 | 506,789 | 1,354,880 | 1,338,600 |
| Fixed asset turnover | — | — | — | — | — | 1.54 | 3.05 | 3.24 | 1.73 | 3.55 | 1.73 | 3.65 | 3.70 | 3.88 | 1.71 | 4.34 | 4.19 | 4.40 | 1.52 | 1.59 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,455,780K ÷ $—K
= —
Floor & Decor Holdings Inc's fixed asset turnover ratio measures the efficiency of the company in generating sales revenue from its investment in fixed assets. The trend analysis of the fixed asset turnover ratio from March 31, 2020, to March 31, 2024, shows fluctuations in the company's ability to utilize its fixed assets effectively.
The fixed asset turnover ratio started at 1.59 on March 31, 2020, indicating that for each dollar invested in fixed assets, the company generated $1.59 in sales. The ratio decreased slightly to 1.52 on June 30, 2020, before experiencing a significant improvement to 4.40 on September 30, 2020. This increase could suggest improved sales relative to the investment in fixed assets during this period.
The trend continued positively, with the ratio remaining high at 4.19 on December 31, 2020, and further improving to 4.34 on March 31, 2021. However, there was a notable decline in the ratio to 1.71 on June 30, 2021, indicating a potential decrease in sales generated per dollar of fixed assets invested.
The ratio fluctuated in the following quarters, showing a value of 3.88 on September 30, 2021, and 3.70 on December 31, 2021. It then slightly decreased to 3.65 on March 31, 2022, before dropping to 1.73 on June 30, 2022.
In the subsequent quarters, the fixed asset turnover ratio continued to fluctuate, with values of 3.55 on September 30, 2022, 1.73 on December 31, 2022, 3.24 on March 31, 2023, and 3.05 on June 30, 2023. These fluctuations suggest variations in the company's ability to efficiently utilize its fixed assets to generate sales.
The ratio further declined to 1.54 on September 30, 2023, indicating a potential decrease in sales efficiency relative to fixed asset investment. Moreover, the data for the fixed asset turnover ratio is not available for the periods ending December 31, 2023, and beyond, suggesting incomplete information for further analysis and trend interpretation.
Overall, the analysis of Floor & Decor Holdings Inc's fixed asset turnover ratio reveals fluctuations in the company's efficiency in generating sales from its fixed asset investments, highlighting the need for ongoing monitoring and assessment of asset utilization.
Peer comparison
Dec 31, 2024