J & J Snack Foods Corp (JJSF)
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 | 1,574,195 | 1,591,295 | 1,577,096 | 1,555,214 | 1,558,807 | 1,515,372 | 1,469,840 | 1,413,499 | 1,380,643 | 1,303,210 | 1,247,323 | 1,221,979 | 1,144,477 | 1,074,048 | 964,265 | 980,132 | 1,022,046 | 1,081,059 | 1,193,204 | 1,197,472 |
| Property, plant and equipment | US$ in thousands | 391,185 | 394,159 | 392,030 | 391,073 | 385,903 | 371,341 | 358,117 | 353,370 | 335,367 | 318,574 | 277,899 | 270,994 | 267,187 | 258,918 | 255,697 | 259,214 | 261,616 | 264,713 | 269,161 | 263,630 |
| Fixed asset turnover | 4.02 | 4.04 | 4.02 | 3.98 | 4.04 | 4.08 | 4.10 | 4.00 | 4.12 | 4.09 | 4.49 | 4.51 | 4.28 | 4.15 | 3.77 | 3.78 | 3.91 | 4.08 | 4.43 | 4.54 |
September 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,574,195K ÷ $391,185K
= 4.02
The fixed asset turnover ratio for J & J Snack Foods Corp has shown some fluctuations over the past few quarters. The ratio measures the efficiency with which the company is utilizing its fixed assets to generate revenue. A higher fixed asset turnover ratio indicates that the company is effectively using its fixed assets to generate sales.
From the data provided, we observe that the fixed asset turnover ratio has generally been above 4, indicating that J & J Snack Foods Corp is efficiently utilizing its fixed assets to generate revenue. There have been some minor fluctuations in the ratio over the quarters, with the ratio ranging from 3.77 to 4.54. Overall, the company has maintained a relatively stable and strong performance in terms of utilizing its fixed assets efficiently.
It is worth noting the significant increase in the fixed asset turnover ratio in the first quarter of 2022, where it peaked at 4.49 and 4.51 in the following quarter. This substantial improvement suggests a significant enhancement in the company's asset utilization efficiency during that period.
In conclusion, based on the trend of the fixed asset turnover ratio, J & J Snack Foods Corp appears to be effectively managing its fixed assets to drive revenue generation. However, further analysis and comparison with industry benchmarks could provide more insights into the company's competitive position and operational efficiency.