Hawkins Inc (HWKN)
Fixed asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 919,162 | 924,287 | 935,009 | 939,675 | 935,098 | 929,926 | 897,758 | 839,843 | 774,541 | 714,539 | 670,416 | 634,940 | 596,871 | 566,313 | 543,792 | 536,034 | 540,198 | 540,836 | 548,581 | 553,862 |
| Property, plant and equipment | US$ in thousands | 208,874 | 203,495 | 192,858 | 190,622 | 185,803 | 178,375 | 171,011 | 166,447 | 161,846 | 147,474 | 143,111 | 142,246 | 144,612 | 138,923 | 127,474 | 127,061 | 126,344 | 125,362 | 124,418 | 123,548 |
| Fixed asset turnover | 4.40 | 4.54 | 4.85 | 4.93 | 5.03 | 5.21 | 5.25 | 5.05 | 4.79 | 4.85 | 4.68 | 4.46 | 4.13 | 4.08 | 4.27 | 4.22 | 4.28 | 4.31 | 4.41 | 4.48 |
March 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $919,162K ÷ $208,874K
= 4.40
Hawkins Inc's fixed asset turnover has shown some fluctuations over the past few quarters. The fixed asset turnover ratio measures how efficiently the company is generating revenue from its investment in fixed assets. A higher fixed asset turnover ratio indicates that the company is effectively utilizing its fixed assets to generate sales.
From the data provided, we can see that Hawkins Inc's fixed asset turnover ratio ranged from a low of 4.08 to a high of 5.25 over the past two years. The ratio peaked at 5.25 in September 2022 and has shown some variability since then, with the latest ratio reported at 4.40 in March 2024.
Overall, the trend in Hawkins Inc's fixed asset turnover ratio indicates that the company has been efficiently utilizing its fixed assets to generate sales revenue. However, it's important to monitor any fluctuations in the ratio over time to ensure that the company continues to effectively leverage its fixed assets for revenue generation.
Peer comparison
Mar 31, 2024