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.
Peer comparison
Dec 31, 2023
Company name
Symbol
Fixed asset turnover
Newell Brands Inc
NWL
6.46
AptarGroup Inc
ATR
2.36
Armstrong World Industries Inc
AWI
2.20
Berry Global Group Inc
BERY
2.69