MGP Ingredients Inc (MGPI)
Fixed asset turnover
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 703,625 | 737,717 | 787,880 | 806,076 | 836,523 | 812,630 | 802,152 | 788,133 | 782,358 | 758,210 | 733,675 | 713,632 | 626,720 | 560,788 | 487,141 | 404,762 | 395,521 | 387,069 | 374,790 | 372,731 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 250,649 | 240,969 | 235,632 | 220,691 | 211,985 | 207,366 | 207,286 | 197,248 | 198,801 | 138,619 | 131,992 | 129,643 | 128,603 | 128,671 |
| Fixed asset turnover | — | — | — | — | — | — | 3.20 | 3.27 | 3.32 | 3.44 | 3.46 | 3.44 | 3.02 | 2.84 | 2.45 | 2.92 | 3.00 | 2.99 | 2.91 | 2.90 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $703,625K ÷ $—K
= —
The fixed asset turnover ratio of MGP Ingredients Inc has shown a fluctuating trend over the past few years. From March 31, 2020, to June 30, 2022, the ratio increased steadily from 2.90 to 3.46, indicating that the company was generating more revenue from its fixed assets during this period.
However, there was a slight drop in the ratio in the subsequent quarters, with the ratio decreasing to 3.20 by June 30, 2023. This could suggest a potential decrease in the efficiency of utilizing fixed assets to generate sales during that period.
As of June 30, 2023, the fixed asset turnover ratio was 3.20, indicating that for every dollar invested in fixed assets, the company generated $3.20 in sales. The ratio for the subsequent periods from September 30, 2023, to December 31, 2024, is not available in the data provided.
In conclusion, while the fixed asset turnover ratio of MGP Ingredients Inc has shown fluctuations, it generally indicates the company's ability to generate revenue efficiently from its fixed assets, although further analysis of the more recent data is needed to understand the trend fully.