H B Fuller Company (FUL)
Fixed asset turnover
| Nov 30, 2024 | Dec 2, 2023 | Dec 3, 2022 | Nov 27, 2021 | Nov 28, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,568,740 | 3,510,930 | 3,749,180 | 3,278,030 | 2,790,270 |
| Property, plant and equipment | US$ in thousands | 881,927 | 824,655 | 733,667 | 695,367 | 670,744 |
| Fixed asset turnover | 4.05 | 4.26 | 5.11 | 4.71 | 4.16 |
November 30, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,568,740K ÷ $881,927K
= 4.05
H B Fuller Company's fixed asset turnover has shown an upward trend from 4.16 in November 28, 2020, to 4.71 in November 27, 2021, further increasing to 5.11 by December 3, 2022. However, there was a slight decline to 4.26 by December 2, 2023, followed by a decrease to 4.05 by November 30, 2024. The company's fixed asset turnover indicates that for each dollar invested in fixed assets, the company generated revenue ranging from $4.05 to $5.11 during the period under consideration. The fluctuation in the fixed asset turnover ratio suggests variations in how efficiently the company is utilizing its fixed assets to generate sales revenue. Further analysis of operational and financial performance metrics may be necessary to understand the underlying reasons for these fluctuations in fixed asset turnover.
Peer comparison
Nov 30, 2024