John B Sanfilippo & Son Inc (JBSS)
Fixed asset turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,066,780 | 999,686 | 955,868 | 858,482 | 880,092 |
| Property, plant and equipment | US$ in thousands | 165,094 | 135,481 | 132,572 | 133,374 | 123,797 |
| Fixed asset turnover | 6.46 | 7.38 | 7.21 | 6.44 | 7.11 |
June 30, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,066,780K ÷ $165,094K
= 6.46
The fixed asset turnover ratio for John B Sanfilippo & Son Inc has experienced fluctuations over the past five years. The ratio indicates how efficiently the company is generating sales revenue from its investment in fixed assets.
In Jun 30, 2024, the fixed asset turnover ratio was 6.46, which suggests that the company generated approximately $6.46 in sales for every dollar invested in fixed assets during that period. This represented a decrease from the previous year's ratio of 7.38.
Despite the decrease in 2024, the company's fixed asset turnover ratio has remained relatively high compared to some prior years. This indicates that the company has been able to effectively utilize its fixed assets to drive sales, although there may be room for improvement.
Overall, the trend of the fixed asset turnover ratio for John B Sanfilippo & Son Inc shows some variability, and further analysis of the factors impacting this ratio would be beneficial to understand the company's operational efficiency in utilizing its fixed assets for generating sales.
Peer comparison
Jun 30, 2024