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