Federal Signal Corporation (FSS)

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	1,861,500	1,837,900	1,810,100	1,762,100	1,722,700	1,665,800	1,565,800	1,490,100	1,434,800	1,344,700	1,296,600	1,264,600	1,213,200	1,206,600	1,188,100	1,123,500	1,130,800	1,150,400	1,179,400	1,233,600
Property, plant and equipment	US$ in thousands	—	—	—	—	—	342,300	189,100	180,800	179,300	170,800	172,200	170,400	280,100	111,200	263,900	112,500	106,900	105,600	101,400	98,100
Fixed asset turnover		—	—	—	—	—	4.87	8.28	8.24	8.00	7.87	7.53	7.42	4.33	10.85	4.50	9.99	10.58	10.89	11.63	12.57

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,861,500K ÷ $—K
= —

The fixed asset turnover ratio for Federal Signal Corporation has experienced fluctuations over the period from March 31, 2020, to December 31, 2023. The ratio represents the company's ability to generate revenues relative to its investment in fixed assets.

Initially, the fixed asset turnover ratio was high, starting at 12.57 on March 31, 2020, indicating that Federal Signal was efficiently utilizing its fixed assets to generate sales. However, the ratio gradually declined over the next few quarters, reaching a low of 4.50 on June 30, 2021. This decrease could suggest a decrease in sales generated by the fixed assets or an increase in the value of fixed assets.

From September 30, 2021, to March 31, 2023, the ratio saw some fluctuations within the range of 4.87 to 8.28. These fluctuations may indicate varying levels of efficiency in utilizing fixed assets to generate sales during this period.

The ratio was not available for the last quarter of 2023 and subsequent quarters. This lack of data could be due to various reasons, such as changes in reporting practices or incomplete financial information.

In conclusion, the fixed asset turnover ratio for Federal Signal Corporation has shown variability over the years, with some periods of high efficiency in asset utilization and some periods of lower efficiency. This ratio can provide insights into the company's operational performance and efficiency in using fixed assets to drive revenue generation.