MarineMax Inc (HZO)
Fixed asset turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,431,008 | 2,462,481 | 2,426,605 | 2,414,053 | 2,394,706 | 2,336,875 | 2,303,568 | 2,343,334 | 2,308,098 | 2,233,644 | 2,211,435 | 2,124,424 | 2,063,257 | 1,999,709 | 1,831,685 | 1,617,065 | 1,509,713 | 1,419,087 | 1,304,277 | 1,299,388 |
| Property, plant and equipment | US$ in thousands | 532,766 | 533,943 | 536,175 | 532,492 | 527,552 | 521,637 | 499,418 | 501,589 | 246,011 | 226,647 | 220,569 | 217,513 | 175,463 | 166,058 | 151,254 | 149,657 | 141,934 | 141,897 | 143,168 | 144,756 |
| Fixed asset turnover | 4.56 | 4.61 | 4.53 | 4.53 | 4.54 | 4.48 | 4.61 | 4.67 | 9.38 | 9.86 | 10.03 | 9.77 | 11.76 | 12.04 | 12.11 | 10.81 | 10.64 | 10.00 | 9.11 | 8.98 |
September 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,431,008K ÷ $532,766K
= 4.56
MarineMax Inc's fixed asset turnover ratio has shown fluctuations over the past few quarters. The ratio measures how efficiently the company generates sales revenue from its investment in fixed assets.
The trend indicates that from September 2019 to September 2020, the fixed asset turnover ratio was relatively stable, ranging between 8.98 and 10.64. However, starting from December 2020, there was a significant increase in the ratio, reaching a peak of 12.11 in March 2021. This suggests that MarineMax was able to generate more sales revenue relative to its investment in fixed assets during this period.
Subsequently, the ratio started to decline but remained relatively high compared to previous years, indicating continued efficiency in utilizing fixed assets to generate sales. The latest data point of 4.56 as of September 2024 shows a slight decrease from the peak levels but remains above the historical average.
Overall, the trend in MarineMax Inc's fixed asset turnover ratio indicates improved efficiency in generating revenue from its fixed assets in recent quarters, which is a positive sign for the company's operational performance and productivity.
Peer comparison
Sep 30, 2024