Fox Factory Holding Corp (FOXF)
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 | 1,393,921 | 1,373,579 | 1,345,575 | 1,397,799 | 1,464,178 | 1,540,324 | 1,618,375 | 1,624,365 | 1,602,491 | 1,536,179 | 1,474,446 | 1,395,905 | 1,299,064 | 1,219,126 | 1,132,391 | 987,329 | 890,554 | 814,044 | 764,661 | 773,681 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | — | 279,355 | — | 250,311 | 237,207 | 237,731 | — | 218,671 | 209,585 | 196,101 | 163,288 | 156,819 | 146,974 | 127,633 |
| Fixed asset turnover | — | — | — | — | — | — | — | 5.81 | — | 6.14 | 6.22 | 5.87 | — | 5.58 | 5.40 | 5.03 | 5.45 | 5.19 | 5.20 | 6.06 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,393,921K ÷ $—K
= —
The fixed asset turnover ratio measures how effectively a company is utilizing its fixed assets to generate revenue. A higher fixed asset turnover ratio indicates that the company is generating more revenue per dollar of investment in fixed assets.
Based on the data provided for Fox Factory Holding Corp, the fixed asset turnover ratio has fluctuated over the past few years. In the most recent period, March 31, 2024, there is no data available, suggesting a potential reporting lag.
Looking at the trend from March 31, 2020, to June 30, 2022, we see an increasing trend in the fixed asset turnover ratio, from 6.06 to 6.22. This indicates that the company was becoming more efficient in utilizing its fixed assets to generate revenue during this period.
However, there appears to be a slight decline in the fixed asset turnover ratio from March 31, 2022, to March 31, 2023, dropping to 5.81. This might suggest a lower level of efficiency in generating revenue from fixed assets during that period.
Overall, it would be important to monitor the fixed asset turnover ratio in future periods to assess whether Fox Factory Holding Corp is effectively utilizing its fixed assets to generate revenue and maintain operational efficiency.
Peer comparison
Dec 31, 2024