Fox Factory Holding Corp (FOXF)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,393,920 | 1,464,180 | 1,602,490 | 1,299,060 | 890,554 |
| Property, plant and equipment | US$ in thousands | — | — | 250,311 | 230,755 | 163,288 |
| Fixed asset turnover | — | — | 6.40 | 5.63 | 5.45 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,393,920K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate revenue. Fox Factory Holding Corp's fixed asset turnover ratio has shown a consistent improvement over the years, increasing from 5.45 in 2020 to 5.63 in 2021 and further to 6.40 in 2022. This indicates that the company has been able to generate more revenue for each dollar invested in fixed assets. However, the data is missing for 2023 and 2024, preventing a complete trend analysis. Overall, the increasing trend in the fixed asset turnover ratio suggests that Fox Factory Holding Corp has been effectively utilizing its fixed assets to drive revenue growth.
Peer comparison
Dec 31, 2024