CarMax Inc (KMX)
Fixed asset turnover
| Feb 28, 2025 | Feb 29, 2024 | Feb 28, 2023 | Feb 28, 2022 | Feb 28, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 26,353,400 | 26,536,000 | 29,684,900 | 31,900,400 | 18,950,100 |
| Property, plant and equipment | US$ in thousands | — | — | 3,430,910 | 3,746,420 | 3,055,560 |
| Fixed asset turnover | — | — | 8.65 | 8.51 | 6.20 |
February 28, 2025 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $26,353,400K ÷ $—K
= —
The fixed asset turnover ratio for CarMax Inc has shown a consistent upward trend over the past few years. In February 2021, the ratio stood at 6.20 and improved significantly to 8.51 by February 2022. The trend continued in the following year, reaching 8.65 by February 2023. However, data for February 2024 and 2025 is unavailable. This rise in the fixed asset turnover ratio indicates that CarMax Inc is generating more sales revenue relative to its investment in fixed assets. It suggests that the company is efficiently utilizing its fixed assets to generate sales, which is a positive sign for its operational efficiency and financial performance. The increasing trend in the ratio reflects improving asset management and operational performance, highlighting the company's ability to generate sales from its investment in fixed assets.
Peer comparison
Feb 28, 2025