Hasbro Inc (HAS)
Fixed asset turnover
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,003,300 | 5,392,900 | 5,565,400 | 5,694,600 | 5,856,700 | 6,191,600 | 6,485,700 | 6,468,700 | 6,420,400 | 6,129,970 | 5,936,590 | 5,474,669 | 5,465,439 | 5,170,479 | 4,969,029 | 5,093,287 | 4,720,227 | 4,681,377 | 4,675,897 | 4,595,818 |
| Property, plant and equipment | US$ in thousands | 361,900 | 1,077,900 | 1,158,800 | 1,146,900 | 304,500 | 1,052,100 | 1,054,100 | 1,064,100 | 261,800 | 441,900 | 466,200 | 482,700 | 297,200 | 477,200 | 482,200 | 455,900 | 255,568 | 371,881 | 387,372 | 395,624 |
| Fixed asset turnover | 13.83 | 5.00 | 4.80 | 4.97 | 19.23 | 5.88 | 6.15 | 6.08 | 24.52 | 13.87 | 12.73 | 11.34 | 18.39 | 10.84 | 10.30 | 11.17 | 18.47 | 12.59 | 12.07 | 11.62 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,003,300K ÷ $361,900K
= 13.83
The fixed asset turnover ratio is a measure of how efficiently a company is utilizing its fixed assets to generate revenue. It indicates the company's ability to generate sales from its investment in property, plant, and equipment.
Based on the data provided for Hasbro, Inc., we observe fluctuations in the fixed asset turnover ratio over the past eight quarters. The ratios ranged from a low of 10.24 in Q4 2023 to a high of 15.82 in Q2 2022. A higher fixed asset turnover ratio generally signifies better efficiency in utilizing fixed assets to generate sales.
The declining trend from Q2 2022 to Q4 2023 could be interpreted as a potential concern, as it indicates a decrease in the company's ability to generate revenue from its fixed assets over time. However, it is essential to analyze this ratio in conjunction with other financial metrics and industry benchmarks to gain a more comprehensive understanding of Hasbro's operational efficiency and performance.