Hanesbrands Inc (HBI)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,507,440 | 5,636,520 | 6,233,650 | 6,801,240 | 6,664,350 |
| Property, plant and equipment | US$ in thousands | — | — | 857,298 | 805,255 | 545,771 |
| Fixed asset turnover | — | — | 7.27 | 8.45 | 12.21 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,507,440K ÷ $—K
= —
The fixed asset turnover ratio measures the efficiency of Hanesbrands Inc in generating sales revenue from its investment in fixed assets. A higher ratio indicates better utilization of fixed assets to generate sales.
Analyzing the trend of Hanesbrands Inc's fixed asset turnover, we observe a decline from 12.21 in 2020 to 8.45 in 2021, followed by a further decrease to 7.27 in 2022. The decreasing trend suggests a potential decrease in the company's ability to generate sales from its fixed asset base.
However, the data for 2023 and 2024 is not available (denoted by "—"), making it challenging to assess the exact trajectory of the fixed asset turnover ratio in those years.
Overall, Hanesbrands Inc may need to focus on improving its efficiency in utilizing fixed assets to generate sales revenue, considering the declining trend observed in the provided data.