H B Fuller Company (FUL)
Fixed asset turnover
| Dec 2, 2023 | Dec 3, 2022 | Nov 27, 2021 | Nov 28, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,510,930 | 3,749,180 | 3,278,030 | 2,790,270 | 2,897,000 |
| Property, plant and equipment | US$ in thousands | 824,655 | 733,667 | 695,367 | 670,744 | 629,813 |
| Fixed asset turnover | 4.26 | 5.11 | 4.71 | 4.16 | 4.60 |
December 2, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,510,930K ÷ $824,655K
= 4.26
The fixed asset turnover for H.B. Fuller Company has fluctuated over the past five years, with the highest value recorded in the fiscal year ending in December 2022 at 5.11 and the lowest in the fiscal year ending in November 2020 at 4.16. Overall, the company's fixed asset turnover has exhibited a moderate level of variability. The trend indicates that the company has been effective in generating sales from its fixed assets, but the fluctuations suggest potential changes in asset utilization and sales generation efficiency. Further analysis incorporating other financial metrics and contextual factors would provide a more comprehensive understanding of the company's asset management efficiency.