Haverty Furniture Companies Inc (HVT)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 867,570 | 1,048,700 | 1,013,110 | 783,124 | 803,578 |
| Property, plant and equipment | US$ in thousands | 171,588 | 137,475 | 126,099 | 108,366 | 156,534 |
| Fixed asset turnover | 5.06 | 7.63 | 8.03 | 7.23 | 5.13 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $867,570K ÷ $171,588K
= 5.06
The fixed asset turnover ratio for Haverty Furniture Companies Inc has been relatively high and stable over the past five years, ranging from 5.06 to 8.03. This ratio measures how efficiently the company is using its fixed assets to generate revenue.
A high fixed asset turnover ratio indicates that the company is generating a significant amount of sales relative to its investment in fixed assets. This can suggest effective asset utilization and operational efficiency.
Haverty Furniture's consistent and relatively high fixed asset turnover ratio may indicate effective management of its assets to drive revenue generation. However, further analysis and comparison with industry peers would provide a more comprehensive understanding of the company's performance in this aspect.
Peer comparison
Dec 31, 2023