Freshpet Inc (FRPT)
Fixed asset turnover
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,014,577 | 975,177 | 927,889 | 875,143 | 823,221 | 766,894 | 717,307 | 668,019 | 630,695 | 595,344 | 545,380 | 501,637 | 464,246 | 425,489 | 394,142 | 370,742 | 342,106 | 318,790 | 300,020 | 281,096 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | — | 865,237 | 826,152 | 805,751 | 724,960 | 668,389 | 663,844 | 590,459 | 471,964 | 399,139 | 331,371 | 281,073 | 242,299 | 220,075 |
| Fixed asset turnover | — | — | — | — | — | — | — | 0.77 | 0.76 | 0.74 | 0.75 | 0.75 | 0.70 | 0.72 | 0.84 | 0.93 | 1.03 | 1.13 | 1.24 | 1.28 |
March 31, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,014,577K ÷ $—K
= —
The fixed asset turnover ratio for Freshpet Inc. demonstrates a declining trend from June 30, 2020, through March 31, 2022, followed by relative stability in subsequent periods. Specifically, the ratio decreased from 1.28 on June 30, 2020, to a low of 0.70 on March 31, 2022. This decline indicates that the company became less efficient in generating sales from its fixed assets over this period, possibly due to increased asset base without a proportional rise in sales or operational inefficiencies.
From March 31, 2022, onwards, the ratio stabilized around 0.75 to 0.77, suggesting a leveling in asset utilization efficiency. The ratio's plateauing indicates that the company maintained a consistent level of asset productivity in generating sales relative to its fixed assets during this period.
Overall, the trend reflects a significant initial decline in asset utilization efficiency, with subsequent stabilization, which may imply that the company has reached a more sustainable level of fixed asset deployment in relation to its sales activities.
Peer comparison
Mar 31, 2025