Nordson Corporation (NDSN)
Fixed asset turnover
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,581,455 | 2,569,649 | 2,554,567 | 2,574,370 | 2,564,160 | 2,567,546 | 2,483,661 | 2,467,989 | 2,420,346 | 2,336,296 | 2,300,916 | 2,191,064 | 2,129,850 | 2,095,644 | 2,122,570 | 2,139,949 | 2,157,511 | 2,156,514 | 2,140,358 | 2,173,355 |
| Property, plant and equipment | US$ in thousands | 394,467 | 392,846 | 350,735 | 354,669 | 361,447 | 353,442 | 359,231 | 357,561 | 361,567 | 355,565 | 358,208 | 362,622 | 358,670 | 358,618 | 414,982 | 400,103 | 400,636 | 398,895 | 392,034 | 386,349 |
| Fixed asset turnover | 6.54 | 6.54 | 7.28 | 7.26 | 7.09 | 7.26 | 6.91 | 6.90 | 6.69 | 6.57 | 6.42 | 6.04 | 5.94 | 5.84 | 5.11 | 5.35 | 5.39 | 5.41 | 5.46 | 5.63 |
January 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,581,455K ÷ $394,467K
= 6.54
The fixed asset turnover ratio of Nordson Corp. has been relatively stable over the past eight quarters, ranging from 6.69 to 7.39. This indicates that the company is generating $6.69 to $7.39 in revenue for every dollar invested in fixed assets during the respective quarters.
A high fixed asset turnover ratio suggests that Nordson is efficiently utilizing its fixed assets to generate revenue. This may indicate effective management of the company's assets and efficient operations.
Overall, the consistent and relatively high fixed asset turnover ratios suggest that Nordson Corp. is effectively using its fixed assets to generate sales across multiple quarters. However, it is essential to compare this ratio with industry benchmarks and historical data to gain a more comprehensive understanding of the company's performance.
Peer comparison
Jan 31, 2024