Haynes International Inc (HAYN)
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 | 595,589 | 581,609 | 566,513 | 554,183 | 519,804 | 487,796 | 440,365 | 398,795 | 364,018 | 336,761 | 321,421 | 313,735 | 343,237 | 379,566 | 429,268 | 474,910 | 490,833 | 489,454 | 482,127 | 469,212 |
| Property, plant and equipment | US$ in thousands | 142,790 | 137,310 | 141,919 | 142,686 | 142,210 | 137,129 | 144,216 | 145,658 | 146,154 | 141,030 | 149,870 | 152,696 | 156,942 | 153,316 | 162,634 | 164,720 | 167,400 | 169,966 | 172,212 | 175,577 |
| Fixed asset turnover | 4.17 | 4.24 | 3.99 | 3.88 | 3.66 | 3.56 | 3.05 | 2.74 | 2.49 | 2.39 | 2.14 | 2.05 | 2.19 | 2.48 | 2.64 | 2.88 | 2.93 | 2.88 | 2.80 | 2.67 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $595,589K ÷ $142,790K
= 4.17
Haynes International Inc.'s fixed asset turnover has shown an improving trend over the past eight quarters, indicating the company's ability to efficiently generate sales revenue from its fixed assets. The fixed asset turnover ratio has increased steadily from 2.75 in Q2 2022 to 4.23 in Q1 2024.
This progressive improvement suggests that the company is effectively utilizing its fixed assets to generate sales, which is a positive sign of operational efficiency. It demonstrates that the company is making effective use of its capital investments in fixed assets to drive revenue generation.
A high fixed asset turnover ratio indicates that the company is efficiently managing its fixed assets and achieving strong sales relative to its investment in property, plant, and equipment. This trend is favorable as it signifies that Haynes International Inc. is effectively leveraging its fixed assets to support its revenue growth.
Overall, the consistent increase in fixed asset turnover ratio reflects positively on Haynes International Inc.'s operational performance and efficiency in utilizing its fixed assets to generate sales revenue.
Peer comparison
Dec 31, 2023