Lithia Motors Inc (LAD)
Fixed asset turnover
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 36,158,900 | 34,572,100 | 33,569,600 | 32,405,400 | 30,848,600 | 30,176,800 | 29,204,400 | 28,342,500 | 28,084,900 | 27,422,400 | 26,318,100 | 25,093,700 | 22,727,900 | 20,377,000 | 17,838,800 | 14,600,400 | 13,069,800 | 12,354,800 | 12,083,600 | 12,562,400 |
| Property, plant and equipment | US$ in thousands | 4,515,900 | 4,664,000 | 4,615,200 | 4,502,000 | 3,848,700 | 3,947,700 | 3,907,500 | 3,719,700 | 3,498,700 | 3,473,000 | 3,390,900 | 3,244,500 | 3,416,500 | 2,352,900 | 2,299,300 | 2,221,000 | 2,197,500 | 1,798,300 | 1,663,000 | 1,631,500 |
| Fixed asset turnover | 8.01 | 7.41 | 7.27 | 7.20 | 8.02 | 7.64 | 7.47 | 7.62 | 8.03 | 7.90 | 7.76 | 7.73 | 6.65 | 8.66 | 7.76 | 6.57 | 5.95 | 6.87 | 7.27 | 7.70 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $36,158,900K ÷ $4,515,900K
= 8.01
The fixed asset turnover ratio for Lithia Motors Inc fluctuated over the period from March 31, 2020, to December 31, 2024. The ratio measures how efficiently the company is utilizing its fixed assets to generate revenue.
From March 2020 to December 2020, the ratio decreased from 7.70 to 5.95, indicating a potential decrease in the company's efficiency in using its fixed assets to generate sales. However, from March 2021 to September 2021, there was a notable improvement in performance as the ratio increased from 6.57 to 8.66, suggesting an enhancement in efficiency during this period.
Subsequently, there was some fluctuation in the ratio from December 2021 to December 2024, with values ranging from 6.65 to 8.01. These fluctuations could be attributed to changes in the company's operations, investments in fixed assets, or changes in revenue generation.
Overall, the company demonstrated varying levels of efficiency in utilizing its fixed assets to generate sales over the analyzed period. Further analysis and comparison with industry benchmarks would provide a more in-depth understanding of the company's operational efficiency and potential areas for improvement.
Peer comparison
Dec 31, 2024