Harley-Davidson Inc (HOG)
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 | 5,186,809 | 5,552,410 | 5,950,770 | 5,777,400 | 5,836,480 | 5,925,550 | 6,025,070 | 6,048,640 | 5,755,140 | 5,629,290 | 5,346,020 | 5,408,990 | 5,336,310 | 5,045,102 | 4,845,472 | 4,178,639 | 4,054,369 | 4,401,417 | 4,508,257 | 5,275,650 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 772,338 | 761,342 | 690,051 | 689,886 | 641,651 | 652,153 | 663,807 | 683,984 | 671,836 | 696,982 | 718,968 | 743,784 | 785,165 | 816,989 | 826,845 |
| Fixed asset turnover | — | — | — | — | — | 7.67 | 7.91 | 8.77 | 8.34 | 8.77 | 8.20 | 8.15 | 7.80 | 7.51 | 6.95 | 5.81 | 5.45 | 5.61 | 5.52 | 6.38 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,186,809K ÷ $—K
= —
Fixed asset turnover measures how efficiently a company generates sales revenue from its investment in fixed assets. A higher fixed asset turnover ratio indicates that the company is utilizing its fixed assets more effectively to generate revenue.
Analyzing Harley-Davidson Inc's fixed asset turnover ratio over the past few quarters, we observe a general increasing trend from March 31, 2020, to December 31, 2023. The ratio has improved from 6.38 to 7.67 during this period, indicating that the company has been more efficient in utilizing its fixed assets to generate sales.
However, it is worth noting that the fixed asset turnover ratio fluctuates from quarter to quarter, with some quarters showing higher ratios and others lower. For example, the ratio peaked at 8.77 on March 31, 2023, but then decreased to 7.91 on June 30, 2023. This variability may be influenced by factors such as changes in sales volume, asset utilization, or the timing of asset purchases and disposals.
As of December 31, 2023, the fixed asset turnover ratio is not available, suggesting that data for that period may not have been disclosed or calculated yet. It would be important to monitor future financial reports to assess the trend and performance of Harley-Davidson Inc's fixed asset turnover ratio in the upcoming periods.
Peer comparison
Dec 31, 2024