Leslies Inc (LESL)
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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (ttm) | US$ in thousands | 1,294,897 | 1,312,252 | 1,335,830 | 1,360,916 | 1,385,771 | 1,436,567 | 1,510,137 | 1,535,663 | 1,531,880 | 1,467,427 | 1,389,785 | 1,351,089 | 1,299,337 | |||
Property, plant and equipment | US$ in thousands | 98,447 | 94,135 | 89,820 | 92,405 | 90,285 | 85,396 | 80,612 | 75,049 | 78,087 | 71,653 | 70,547 | 65,883 | 70,335 | 66,363 | 63,632 | 62,628 |
Fixed asset turnover | 13.15 | 13.94 | 14.87 | 14.73 | 15.35 | 16.82 | 18.73 | 20.46 | 19.62 | 20.48 | 19.70 | 20.51 | 18.47 |
September 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,294,897K ÷ $98,447K
= 13.15
The fixed asset turnover ratio for Leslies Inc has shown a general increasing trend over the past few years, indicating that the company is becoming more efficient in generating revenue from its fixed assets. The ratio has ranged from 13.15 to 20.51 over the past 16 quarters, with the most recent value at 13.15.
The decreasing trend in the fixed asset turnover ratio over the last few quarters could suggest a decrease in the company's ability to generate sales from its fixed assets efficiently. It is important for the company to monitor this ratio closely to ensure optimal utilization of its fixed assets and to identify any potential inefficiencies in its operations.
Overall, the company's fixed asset turnover ratio provides insights into its operational efficiency and asset utilization, highlighting the importance of maintaining a balance between generating revenue and effectively managing fixed assets.
Peer comparison
Sep 30, 2024