Hanesbrands Inc (HBI)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,885,425 | 4,385,526 | 4,959,733 | 5,403,320 | 5,131,150 | 5,307,610 | 5,467,040 | 5,541,530 | 6,233,660 | 6,512,720 | 6,631,530 | 6,869,370 | 6,801,240 | 6,849,730 | 6,868,450 | 6,855,920 | 6,664,350 | 6,614,510 | 6,673,210 | 6,695,360 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 843,137 | 431,714 | 442,315 | 857,298 | 443,166 | 442,539 | 443,817 | 805,255 | 813,016 | 844,882 | 458,434 | 545,771 | 553,748 | 565,849 | 571,005 |
| Fixed asset turnover | — | — | — | — | — | 6.30 | 12.66 | 12.53 | 7.27 | 14.70 | 14.99 | 15.48 | 8.45 | 8.43 | 8.13 | 14.96 | 12.21 | 11.94 | 11.79 | 11.73 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,885,425K ÷ $—K
= —
The fixed asset turnover ratio of Hanesbrands Inc has displayed significant fluctuations over the past few years. The ratio stood at 11.73 as of March 31, 2020, gradually increasing to 15.48 by March 31, 2022, indicating that the company was generating $15.48 in sales for every dollar invested in fixed assets.
However, after reaching its peak in March 2022, the fixed asset turnover ratio started to decline and dropped to 6.30 by September 30, 2023. This suggests that Hanesbrands Inc may have experienced challenges in efficiently utilizing its fixed assets to generate sales during this period.
The ratio recovered slightly to 12.53 by March 31, 2024, indicating improved efficiency in utilizing fixed assets. However, no data is available for the following periods, leading to uncertainty about the company's fixed asset turnover performance in the near future.
Overall, the fluctuating trend in the fixed asset turnover ratio of Hanesbrands Inc highlights the importance of closely monitoring asset utilization efficiency to ensure optimal performance and sustainable growth.