Nordson Corporation (NDSN)
Fixed asset turnover
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,647,909 | 2,596,752 | 2,571,736 | 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 |
| Property, plant and equipment | US$ in thousands | 544,607 | 401,415 | 395,595 | 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 |
| Fixed asset turnover | 4.86 | 6.47 | 6.50 | 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 |
October 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,647,909K ÷ $544,607K
= 4.86
The fixed asset turnover ratio for Nordson Corporation has exhibited fluctuations over the past several quarters, ranging from a low of 4.86 to a high of 7.28. Generally, a higher fixed asset turnover ratio indicates that a company is generating more revenue per dollar of fixed assets, reflecting efficient asset utilization.
In the most recent quarter ending October 31, 2024, the fixed asset turnover stood at 6.47, indicating an increase in productivity compared to the previous quarter. This suggests that Nordson Corporation is becoming more efficient in generating sales revenue in relation to its investment in fixed assets.
Moreover, the trend of the fixed asset turnover ratios over the past few quarters is on an upward trajectory, indicating that Nordson Corporation has been improving its efficiency in utilizing fixed assets to drive sales. This trend is a positive sign for potential investors and stakeholders, as it suggests the company is managing its assets effectively to generate revenue. However, it is important to continue monitoring this ratio in future quarters to ensure this positive trend is sustained.
Peer comparison
Oct 31, 2024