H B Fuller Company (FUL)
Fixed asset turnover
| Nov 30, 2024 | Aug 31, 2024 | Jun 1, 2024 | Mar 2, 2024 | Dec 2, 2023 | Sep 2, 2023 | Jun 3, 2023 | Mar 4, 2023 | Dec 3, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,568,737 | 3,548,332 | 3,531,039 | 3,512,171 | 3,510,935 | 3,566,270 | 3,606,866 | 3,701,885 | 3,749,184 | 3,688,394 | 3,573,994 | 3,408,609 | 3,278,031 | 3,158,247 | 3,022,880 | 2,869,609 | 2,790,269 | 2,751,735 | 2,785,648 | 2,870,629 |
| Property, plant and equipment | US$ in thousands | 881,927 | 861,319 | 838,848 | 822,899 | 824,655 | 801,296 | 787,412 | 757,021 | 733,667 | 706,470 | 702,455 | 712,795 | 695,367 | 675,892 | 681,576 | 669,444 | 670,744 | 654,718 | 635,695 | 634,296 |
| Fixed asset turnover | 4.05 | 4.12 | 4.21 | 4.27 | 4.26 | 4.45 | 4.58 | 4.89 | 5.11 | 5.22 | 5.09 | 4.78 | 4.71 | 4.67 | 4.44 | 4.29 | 4.16 | 4.20 | 4.38 | 4.53 |
November 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,568,737K ÷ $881,927K
= 4.05
H B Fuller Company's fixed asset turnover ratio has shown a generally positive trend over the past few years, indicating efficiency in utilizing its fixed assets to generate sales. The ratio increased from 4.53 in February 2020 to 5.09 in May 2022, before slightly decreasing to 4.21 in June 2024.
The company's fixed asset turnover ratio peaked at 5.22 in August 2022, suggesting that it was able to generate $5.22 in sales for every dollar invested in fixed assets during that period. This demonstrates effective management of its fixed assets to drive revenue.
While there have been fluctuations in the fixed asset turnover ratio over the period under review, the overall trend showcases H B Fuller Company's ability to efficiently generate sales from its fixed assets. It is essential for the company to continue monitoring this ratio to ensure optimal utilization of its fixed assets in the future.
Peer comparison
Nov 30, 2024