LCI Industries (LCII)
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 | 3,741,204 | 3,775,610 | 3,819,428 | 3,779,528 | 3,784,809 | 3,841,611 | 4,014,376 | 4,535,886 | 5,207,146 | 5,526,210 | 5,559,440 | 5,117,010 | 4,472,700 | 4,042,292 | 3,704,711 | 3,136,756 | 2,796,166 | 2,577,185 | 2,335,677 | 2,438,980 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 706,258 | 478,885 | 480,904 | 482,185 | 470,571 | 456,517 | 450,095 | 591,073 | 421,053 | 569,943 | 514,502 | 387,218 | 368,422 | 364,957 | 372,113 |
| Fixed asset turnover | — | — | — | — | — | 5.44 | 8.38 | 9.43 | 10.80 | 11.74 | 12.18 | 11.37 | 7.57 | 9.60 | 6.50 | 6.10 | 7.22 | 7.00 | 6.40 | 6.55 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,741,204K ÷ $—K
= —
The fixed asset turnover ratio is a measure of how efficiently a company utilizes its fixed assets to generate revenue. It is calculated by dividing net sales by average fixed assets.
Analyzing the fixed asset turnover ratio of LCI Industries over the past few years, we observe the following trends:
- From March 31, 2020, to March 31, 2021, there was a slight decrease in the fixed asset turnover ratio from 6.55 to 6.10.
- The ratio then increased in the following quarters, reaching a peak of 12.18 on June 30, 2022, indicating a significant improvement in asset utilization efficiency.
- However, the ratio started to decline in the subsequent periods, dropping to 8.38 on June 30, 2023, and further decreasing to 5.44 on September 30, 2023.
- As of December 31, 2023, there is no available data for the fixed asset turnover ratio.
Overall, the fluctuation in the fixed asset turnover ratio suggests varying levels of efficiency in utilizing fixed assets to generate sales for LCI Industries. It is essential for the company to closely monitor and manage its fixed asset utilization to optimize profitability and operational effectiveness.
Peer comparison
Dec 31, 2024