The Hain Celestial Group Inc (HAIN)

Fixed asset turnover

		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	Dec 31, 2019	Sep 30, 2019
Revenue (ttm)	US$ in thousands	1,678,403	1,682,561	1,713,018	1,728,265	1,755,367	1,805,591	1,853,287	1,876,020	1,891,788	1,893,216	1,882,881	1,934,358	1,977,806	2,031,395	2,092,088	2,070,434	2,053,862	2,099,798	2,146,298	2,223,690
Property, plant and equipment	US$ in thousands	261,524	264,243	273,204	285,704	296,036	296,121	294,269	281,153	296,992	312,353	319,528	311,957	312,230	311,342	296,013	275,708	289,256	287,629	298,558	288,104
Fixed asset turnover		6.42	6.37	6.27	6.05	5.93	6.10	6.30	6.67	6.37	6.06	5.89	6.20	6.33	6.52	7.07	7.51	7.10	7.30	7.19	7.72

June 30, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,678,403K ÷ $261,524K
= 6.42

The fixed asset turnover ratio for The Hain Celestial Group Inc has varied over the analyzed time period, indicating how efficiently the company is utilizing its fixed assets to generate sales.

From December 2019 to September 2022, the fixed asset turnover ratio remained relatively stable, ranging from 5.89 to 7.30. However, there was a noticeable increase in the ratio from December 2022 to June 2023, peaking at 7.72 in September 2023, indicating improved efficiency in generating sales from fixed assets during this period.

Subsequently, the fixed asset turnover ratio decreased from September 2023 to September 2024, ranging from 6.05 to 6.67. This decline may suggest a decrease in the company's ability to generate sales relative to its investment in fixed assets during this period.

Overall, a higher fixed asset turnover ratio indicates better efficiency in asset utilization, while a lower ratio may signal inefficiencies in the management or utilization of fixed assets to generate revenue. It is essential for the company to monitor and analyze this ratio continually to ensure optimal utilization of its fixed assets in generating sales.