Hasbro Inc (HAS)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,135,500 | 5,003,300 | 5,856,700 | 6,420,400 | 5,465,400 |
| Property, plant and equipment | US$ in thousands | — | — | 422,800 | 421,100 | 489,041 |
| Fixed asset turnover | — | — | 13.85 | 15.25 | 11.18 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $4,135,500K ÷ $—K
= —
Fixed asset turnover is a financial ratio that measures how efficiently a company is using its fixed assets to generate revenue. The ratio is calculated by dividing net sales by average fixed assets.
Looking at the data provided for Hasbro Inc, we can see a trend of improvement in the fixed asset turnover ratio over the years. In December 31, 2020, the fixed asset turnover ratio was 11.18, indicating that for every dollar invested in fixed assets, the company generated $11.18 in revenue.
By December 31, 2021, the fixed asset turnover ratio increased significantly to 15.25, suggesting that the company became more efficient in utilizing its fixed assets to generate revenue.
In December 31, 2022, the fixed asset turnover ratio slightly decreased to 13.85, but it still remains at a relatively high level compared to the initial ratio in 2020.
However, for the years 2023 and 2024, the fixed asset turnover ratios are not available, represented by '—'. This lack of data may limit our ability to assess the efficiency of Hasbro Inc in using its fixed assets for revenue generation during those years.
Overall, the increasing trend in fixed asset turnover ratio from 2020 to 2022 indicates potential improvements in asset utilization efficiency by Hasbro Inc. It is important for the company to continue monitoring this ratio to ensure optimal utilization of its fixed assets for sustained revenue growth.