The Hain Celestial Group Inc (HAIN)

Fixed asset turnover

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Revenue	US$ in thousands	1,678,400	1,755,310	1,900,380	1,977,810	2,053,900
Property, plant and equipment	US$ in thousands	261,524	296,036	296,992	312,230	289,256
Fixed asset turnover		6.42	5.93	6.40	6.33	7.10

June 30, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,678,400K ÷ $261,524K
= 6.42

The fixed asset turnover ratio of The Hain Celestial Group Inc has shown some fluctuation over the past five years. The ratio was 6.42 in 2024, indicating that the company generated $6.42 in revenue for every dollar invested in fixed assets during the year. This is a slight increase from the previous year's ratio of 5.93.

In 2022, the fixed asset turnover ratio was 6.40, showing a similar level of efficiency in utilizing fixed assets compared to the latest year. The ratio was 6.33 in 2021, and notably higher at 7.10 in 2020, indicating that the company was more effective in generating revenue from its fixed assets that year.

Overall, the trend in fixed asset turnover for The Hain Celestial Group Inc suggests that the company has been relatively consistent in leveraging its fixed assets to generate sales, with minor fluctuations observed over the five-year period. It is important for the company to assess the effectiveness of its investment in fixed assets to ensure optimal utilization and efficiency in generating revenue.