John B Sanfilippo & Son Inc (JBSS)
Fixed asset turnover
| 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 23, 2021 | Sep 23, 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,066,783 | 1,031,433 | 998,084 | 981,190 | 999,686 | 1,023,212 | 1,003,261 | 982,140 | 955,868 | 904,862 | 894,170 | 874,538 | 858,482 | 855,939 | 859,671 | 872,519 | 880,092 | 894,990 | 884,412 | 890,508 |
| Property, plant and equipment | US$ in thousands | 165,094 | 162,393 | 161,743 | 137,993 | 135,481 | 136,650 | 137,296 | 136,162 | 132,572 | 133,123 | 133,820 | 134,605 | 133,374 | 129,875 | 129,018 | 126,328 | 123,797 | 124,964 | 124,830 | 126,037 |
| Fixed asset turnover | 6.46 | 6.35 | 6.17 | 7.11 | 7.38 | 7.49 | 7.31 | 7.21 | 7.21 | 6.80 | 6.68 | 6.50 | 6.44 | 6.59 | 6.66 | 6.91 | 7.11 | 7.16 | 7.08 | 7.07 |
June 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,066,783K ÷ $165,094K
= 6.46
The fixed asset turnover ratio for John B Sanfilippo & Son Inc has displayed some variability over the past several quarters. The ratio has generally remained at healthy levels, indicating the company's ability to generate revenue from its investment in fixed assets efficiently.
The trend in the fixed asset turnover ratio shows a slight fluctuation but generally staying above 6, with some peaks reaching above 7. This suggests that the company is effectively utilizing its fixed assets to generate sales. A higher fixed asset turnover ratio indicates that the company is able to generate more revenue per dollar invested in fixed assets.
Overall, the company's consistent performance in maintaining a relatively high fixed asset turnover ratio reflects positively on its operational efficiency and asset utilization. However, it is important for the company to continue monitoring and improving this ratio to ensure that its fixed assets are being used optimally to support revenue generation.
Peer comparison
Jun 30, 2024