Newell Brands Inc (NWL)

Fixed asset turnover

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	7,824,000	8,126,000	8,321,000	8,682,000	9,281,000	9,801,000	10,341,000	10,501,000	10,403,000	10,161,000	10,057,000	9,530,000	9,197,000	9,635,400	9,421,500	9,419,900	9,220,300	8,547,100	8,413,200	8,503,900
Property, plant and equipment	US$ in thousands	1,212,000	1,202,000	1,207,000	1,213,000	1,182,000	1,124,000	1,138,000	1,144,000	1,204,000	1,155,000	1,158,000	1,151,000	1,176,000	1,115,000	1,118,000	1,123,000	1,155,000	1,057,100	923,100	930,700
Fixed asset turnover		6.46	6.76	6.89	7.16	7.85	8.72	9.09	9.18	8.64	8.80	8.68	8.28	7.82	8.64	8.43	8.39	7.98	8.09	9.11	9.14

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $7,824,000K ÷ $1,212,000K
= 6.46

Newell Brands Inc has demonstrated a consistent trend of improving its fixed asset turnover ratio over the past eight quarters, indicating the company's ability to generate sales relative to its investment in fixed assets. The ratio has been steadily increasing from 7.99 in Q4 2022 to 9.34 in Q1 2022, showing an efficient utilization of its fixed assets to generate revenue. This improvement suggests that the company has been effectively managing its fixed assets to drive sales growth and maximize operational efficiency.