LCI Industries (LCII)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,784,810 | 5,207,140 | 4,472,700 | 2,796,170 | 2,371,480 |
| Property, plant and equipment | US$ in thousands | 465,781 | 482,185 | 426,455 | 387,218 | 366,309 |
| Fixed asset turnover | 8.13 | 10.80 | 10.49 | 7.22 | 6.47 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,784,810K ÷ $465,781K
= 8.13
The fixed asset turnover ratio for LCI Industries has experienced fluctuations over the past five years. The ratio was 6.47 in 2019, increased to 7.22 in 2020, further increased to 10.49 in 2021, then peaked at 10.80 in 2022, and finally decreased to 8.13 in 2023.
A high fixed asset turnover ratio indicates that the company is generating significant revenue relative to its investment in fixed assets. This suggests that LCI Industries has been efficient in utilizing its fixed assets to generate sales.
However, the decreasing trend from 2022 to 2023 may indicate that the company's efficiency in generating sales from its fixed assets has slightly declined. Further analysis of the company's operations and financial performance is recommended to better understand the factors influencing this trend.
Peer comparison
Dec 31, 2023