Matthews International Corporation (MATW)
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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,795,737 | 1,829,210 | 1,873,285 | 1,881,642 | 1,880,896 | 1,857,855 | 1,807,666 | 1,773,064 | 1,762,403 | 1,744,115 | 1,750,776 | 1,722,952 | 1,671,030 | 1,631,331 | 1,562,373 | 1,520,019 | 1,498,306 | 1,491,571 | 1,511,443 | 1,528,043 |
| Property, plant and equipment | US$ in thousands | 253,071 | 272,875 | 277,903 | 281,839 | 259,522 | 273,572 | 268,247 | 264,684 | 245,338 | 209,110 | 213,104 | 221,940 | 211,370 | 229,207 | 228,362 | 236,236 | 236,788 | 230,732 | 232,768 | 237,910 |
| Fixed asset turnover | 7.10 | 6.70 | 6.74 | 6.68 | 7.25 | 6.79 | 6.74 | 6.70 | 7.18 | 8.34 | 8.22 | 7.76 | 7.91 | 7.12 | 6.84 | 6.43 | 6.33 | 6.46 | 6.49 | 6.42 |
September 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,795,737K ÷ $253,071K
= 7.10
The fixed asset turnover ratio for Matthews International Corporation has been relatively stable over the past few quarters, ranging from 6.33 to 8.34. This ratio measures the efficiency of the company in generating sales revenue from its investment in fixed assets. A higher fixed asset turnover indicates that the company is effectively utilizing its fixed assets to generate sales.
In the latest quarter, the fixed asset turnover was 7.10, suggesting that for every dollar invested in fixed assets, the company generated $7.10 in sales. This indicates that Matthews International Corporation is efficiently utilizing its fixed assets to generate revenue.
Overall, the trend in the fixed asset turnover ratio for Matthews International Corporation appears positive, indicating efficient management of its fixed assets to drive sales growth.