Inter Parfums Inc (IPAR)

Fixed asset turnover

		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	Mar 31, 2019
Revenue (ttm)	US$ in thousands	1,317,700	1,293,741	1,207,007	1,143,274	1,086,701	987,400	969,505	931,518	881,093	854,682	752,668	595,832	539,000	533,353	564,477	680,812	713,500	712,301	697,160	681,966
Property, plant and equipment	US$ in thousands	169,222	163,002	168,264	169,036	166,722	153,246	162,447	157,729	149,352	142,823	135,452	18,865	19,580	11,627	10,742	11,194	11,107	11,235	10,776	9,443
Fixed asset turnover		7.79	7.94	7.17	6.76	6.52	6.44	5.97	5.91	5.90	5.98	5.56	31.58	27.53	45.87	52.55	60.82	64.24	63.40	64.70	72.22

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,317,700K ÷ $169,222K
= 7.79

Interpreting the fixed asset turnover ratios of Inter Parfums, Inc. from the available data reveals that the company has demonstrated consistently efficient utilization of its fixed assets across the quarters. The trend shows a generally increasing pattern from Q1 2022 to Q4 2023, indicating an improvement in the efficiency of generating sales from fixed assets over time. Specifically, the ratios have been on an upward trajectory, with values ranging from 5.91 in Q1 2022 to 7.79 in Q4 2023. This suggests that the company has been able to generate a higher level of sales relative to its investment in fixed assets, reflecting a favorable operational performance in terms of asset utilization and productivity. Overall, the trend indicates an effective management of fixed assets to drive revenue growth and maximize operational efficiencies within the organization.