MSC Industrial Direct Company Inc (MSM)
Fixed asset turnover
| Aug 31, 2024 | Jun 1, 2024 | Mar 2, 2024 | Dec 2, 2023 | Sep 2, 2023 | Jun 3, 2023 | Mar 4, 2023 | Dec 3, 2022 | Sep 3, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,808,258 | 3,869,118 | 3,944,228 | 3,971,507 | 3,973,553 | 3,986,703 | 3,886,545 | 3,789,774 | 3,683,892 | 3,484,972 | 3,393,268 | 3,304,778 | 3,228,315 | 3,148,997 | 3,115,920 | 3,128,104 | 3,180,142 | 3,275,080 | 3,312,105 | 3,352,510 |
| Property, plant and equipment | US$ in thousands | 360,255 | 344,787 | 330,765 | 322,091 | 319,660 | 307,123 | 298,664 | 297,113 | 286,666 | 299,143 | 300,232 | 298,975 | 298,416 | 296,200 | 293,342 | 297,780 | 301,979 | 307,150 | 311,267 | 312,317 |
| Fixed asset turnover | 10.57 | 11.22 | 11.92 | 12.33 | 12.43 | 12.98 | 13.01 | 12.76 | 12.85 | 11.65 | 11.30 | 11.05 | 10.82 | 10.63 | 10.62 | 10.50 | 10.53 | 10.66 | 10.64 | 10.73 |
August 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,808,258K ÷ $360,255K
= 10.57
Fixed asset turnover is a key financial ratio that measures a company's efficiency in generating sales revenue from its fixed assets. A higher fixed asset turnover indicates that the company is utilizing its fixed assets more effectively to generate sales.
Based on the data provided for MSC Industrial Direct Company Inc, the fixed asset turnover has ranged from 10.50 to 13.01 over the past several quarters. This indicates that the company has been consistently efficient in generating sales revenue relative to its investment in fixed assets.
The trend of fixed asset turnover for MSC Industrial Direct Company Inc has been relatively stable with minor fluctuations. This suggests that the company has been maintaining a consistent level of efficiency in utilizing its fixed assets to generate sales revenue over the period analyzed.
Overall, the fixed asset turnover ratio for MSC Industrial Direct Company Inc reflects a strong operational performance in terms of utilizing fixed assets efficiently to drive sales growth.
Peer comparison
Aug 31, 2024