Mattel Inc (MAT)
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 | 5,304,061 | 5,051,601 | 4,877,681 | 5,012,191 | 5,229,410 | 5,657,040 | 5,646,910 | 5,452,890 | 5,094,018 | 4,905,228 | 4,774,438 | 4,465,397 | 4,366,480 | 4,271,190 | 4,130,860 | 4,267,729 | 4,360,098 | 4,410,678 | 4,359,988 | 4,329,823 |
| Property, plant and equipment | US$ in thousands | 465,523 | 457,202 | 464,111 | 471,216 | 469,132 | 444,442 | 442,067 | 451,981 | 455,966 | 455,889 | 459,828 | 451,001 | 473,794 | 462,521 | 471,866 | 519,777 | 550,139 | 572,269 | 595,838 | 622,251 |
| Fixed asset turnover | 11.39 | 11.05 | 10.51 | 10.64 | 11.15 | 12.73 | 12.77 | 12.06 | 11.17 | 10.76 | 10.38 | 9.90 | 9.22 | 9.23 | 8.75 | 8.21 | 7.93 | 7.71 | 7.32 | 6.96 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,304,061K ÷ $465,523K
= 11.39
The fixed asset turnover ratio for Mattel Inc has fluctuated over the past few years, ranging from a low of 6.96 in March 2019 to a high of 12.77 in June 2022. This ratio measures how efficiently the company is utilizing its fixed assets to generate sales revenue. A higher fixed asset turnover indicates that the company is generating more sales relative to its investment in fixed assets.
In recent quarters, Mattel Inc has shown a relatively stable fixed asset turnover performance, with ratios generally above 10. This indicates that the company has been able to efficiently utilize its fixed assets to generate revenue. The decreasing trend from the peak in mid-2022 may suggest that the company's fixed asset efficiency has slightly declined, but the ratios remain relatively high compared to historical levels.
Overall, the analysis of Mattel Inc's fixed asset turnover suggests that the company has been effectively using its fixed assets to drive sales growth, although there may be some fluctuations in efficiency over time. It is important for the company to continue monitoring and optimizing the utilization of its fixed assets to maintain or improve its operational efficiency.