Graco Inc (GGG)
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 | 2,113,316 | 2,131,287 | 2,151,747 | 2,158,148 | 2,195,605 | 2,184,007 | 2,189,979 | 2,178,882 | 2,143,521 | 2,128,095 | 2,069,147 | 2,027,764 | 1,987,608 | 1,918,329 | 1,870,949 | 1,730,677 | 1,650,115 | 1,592,067 | 1,553,306 | 1,614,742 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 735,875 | 680,040 | 633,482 | 637,394 | 593,803 | 516,156 | 487,805 | 481,107 | 453,854 | 426,837 | 360,370 | 350,750 | 332,268 | 327,476 | 332,078 |
| Fixed asset turnover | — | — | — | — | — | 2.97 | 3.22 | 3.44 | 3.36 | 3.58 | 4.01 | 4.16 | 4.13 | 4.23 | 4.38 | 4.80 | 4.70 | 4.79 | 4.74 | 4.86 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,113,316K ÷ $—K
= —
The fixed asset turnover ratio of Graco Inc has been fluctuating over the past quarters. It was relatively stable around the range of 4.7 to 4.8 from March 2020 to December 2021. However, there was a noticeable decline in the ratio from June 2021 to September 2022, dropping from 4.38 to 3.58.
This decrease suggests that Graco Inc may have become less efficient in generating sales revenue from its fixed assets during this period. Further, the ratio continued to decline, reaching 2.97 by September 2023, indicating a potential issue with asset utilization or a need for better management of fixed assets.
The lack of data for the fixed asset turnover ratio from December 2023 onwards may indicate incomplete or missing information for those periods. It is important for stakeholders to closely monitor this ratio in future financial statements to assess the efficiency of Graco Inc's fixed asset utilization and identify any potential areas for improvement in asset management.
Peer comparison
Dec 31, 2024