Hawkins Inc (HWKN)
Fixed asset turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 919,162 | 935,098 | 774,541 | 596,871 | 540,198 |
| Property, plant and equipment | US$ in thousands | 208,874 | 185,803 | 161,846 | 144,612 | 126,344 |
| Fixed asset turnover | 4.40 | 5.03 | 4.79 | 4.13 | 4.28 |
March 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $919,162K ÷ $208,874K
= 4.40
The fixed asset turnover ratio for Hawkins Inc has shown some fluctuations over the past five years. The ratio measures the efficiency of the company in generating sales from its fixed assets.
In 2024, the fixed asset turnover ratio was 4.40, indicating that the company generated $4.40 in sales for every $1 of fixed assets. This represented a decrease from the previous year when the ratio was 5.03. Despite the decrease, the company's ability to utilize its fixed assets to generate revenue remained relatively strong compared to earlier years.
The trend over the past five years shows some variability in the ratio, with values ranging from 4.13 to 5.03. This indicates fluctuations in the company's efficiency in utilizing its fixed assets to generate revenue. Further analysis would be necessary to determine the specific factors influencing these fluctuations and to assess the overall performance and efficiency of Hawkins Inc in managing its fixed assets.
Peer comparison
Mar 31, 2024