Masco Corporation (MAS)
Fixed asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 7,861,000 | 7,896,000 | 8,121,000 | 8,341,000 | 8,568,000 | 8,318,000 | 8,321,000 | 8,159,000 | 7,747,000 | 7,958,000 | 7,728,000 | 7,303,000 | 7,072,000 | 6,851,000 | 6,811,000 | 7,316,000 | 7,648,000 | 8,050,000 | 8,210,000 | 8,228,000 |
| Property, plant and equipment | US$ in thousands | 1,121,000 | 1,077,000 | 1,063,000 | 1,019,000 | 975,000 | 902,000 | 884,000 | 892,000 | 896,000 | 887,000 | 896,000 | 894,000 | 908,000 | 878,000 | 861,000 | 861,000 | 878,000 | 1,017,000 | 1,212,000 | 1,222,000 |
| Fixed asset turnover | 7.01 | 7.33 | 7.64 | 8.19 | 8.79 | 9.22 | 9.41 | 9.15 | 8.65 | 8.97 | 8.62 | 8.17 | 7.79 | 7.80 | 7.91 | 8.50 | 8.71 | 7.92 | 6.77 | 6.73 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $7,861,000K ÷ $1,121,000K
= 7.01
Masco Corp.'s fixed asset turnover ratio has been relatively stable over the past eight quarters, ranging from 7.11 to 9.93. A fixed asset turnover ratio measures a company's ability to generate revenue from its investment in fixed assets, indicating how efficiently the company is utilizing its fixed assets to generate sales.
The trend for Masco Corp.'s fixed asset turnover ratio shows a slight decline from Q1 2023 to Q4 2022, indicating a decrease in the company's efficiency in generating sales from its fixed assets. It is important to note that fixed asset turnover ratios can vary across industries, so it is essential to compare Masco Corp.'s ratio with industry benchmarks to gain a clearer understanding of its performance.
Overall, while Masco Corp.'s fixed asset turnover ratio has shown fluctuations in the recent quarters, it is important for investors and stakeholders to continue monitoring this metric to assess the company's operational efficiency and effectiveness in utilizing its fixed assets to drive revenue growth.
Peer comparison
Dec 31, 2023