Mativ Holdings Inc. (MATV)
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 | 2,204,600 | 2,392,000 | 2,560,900 | 2,326,800 | 2,069,000 | 1,839,000 | 1,557,000 | 1,515,700 | 1,408,700 | 1,297,700 | 1,200,900 | 1,082,300 | 1,051,600 | 1,010,700 | 988,900 | 997,600 | 993,200 | 1,003,400 | 1,014,000 | 1,029,600 |
| Property, plant and equipment | US$ in thousands | 672,500 | 665,200 | 874,700 | 872,400 | 691,500 | 843,400 | 426,200 | 450,400 | 461,700 | 467,500 | 476,300 | 324,100 | 339,000 | 327,700 | 325,500 | 324,900 | 330,300 | 320,000 | 333,400 | 333,400 |
| Fixed asset turnover | 3.28 | 3.60 | 2.93 | 2.67 | 2.99 | 2.18 | 3.65 | 3.37 | 3.05 | 2.78 | 2.52 | 3.34 | 3.10 | 3.08 | 3.04 | 3.07 | 3.01 | 3.14 | 3.04 | 3.09 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,204,600K ÷ $672,500K
= 3.28
The fixed asset turnover ratio measures how efficiently a company is generating sales from its fixed assets. A higher fixed asset turnover indicates that the company is utilizing its fixed assets more effectively to generate revenue.
Looking at the data for Mativ Holdings Inc, we can observe fluctuations in the fixed asset turnover ratio over the quarters. In Q4 2023, the fixed asset turnover ratio was 3.01, which was lower compared to the previous quarter at 3.77 in Q3 2023. This suggests that the company generated slightly less revenue from its fixed assets in Q4 2023.
Overall, the trend in the fixed asset turnover ratio for Mativ Holdings Inc shows variability over the quarters, with some quarters exhibiting higher efficiency in generating sales from fixed assets compared to others. It is important for the company to analyze the reasons behind these fluctuations to ensure optimal utilization of its fixed assets in driving revenue growth.
Peer comparison
Dec 31, 2023