Quanex Building Products (NX)
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 | 1,275,900 | 1,085,708 | 1,102,973 | 1,109,013 | 1,130,825 | 1,136,294 | 1,162,759 | 1,214,361 | 1,221,502 | 1,205,738 | 1,161,578 | 1,109,042 | 1,072,149 | 1,035,786 | 968,005 | 885,123 | 851,573 | 836,537 | 862,902 | 893,630 |
| Property, plant and equipment | US$ in thousands | 402,466 | 251,890 | 252,857 | 253,681 | 250,664 | 245,912 | 242,521 | 242,030 | 180,400 | 175,404 | 170,307 | 175,294 | 178,630 | 176,032 | 178,466 | 182,371 | 184,104 | 186,830 | 187,482 | 192,148 |
| Fixed asset turnover | 3.17 | 4.31 | 4.36 | 4.37 | 4.51 | 4.62 | 4.79 | 5.02 | 6.77 | 6.87 | 6.82 | 6.33 | 6.00 | 5.88 | 5.42 | 4.85 | 4.63 | 4.48 | 4.60 | 4.65 |
October 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,275,900K ÷ $402,466K
= 3.17
Fixed asset turnover is a financial ratio that measures a company's ability to generate revenue from its investment in fixed assets, such as property, plant, and equipment. Quanex Building Products has shown a fluctuating trend in its fixed asset turnover over the past few years.
The company's fixed asset turnover ratio ranged between 3.17 and 6.87 over the last 20 quarters. Generally, a higher fixed asset turnover ratio indicates that the company is using its fixed assets more efficiently to generate sales. Quanex Building Products exhibited a positive trend in this aspect, with the ratio generally increasing over the periods analyzed.
The company's fixed asset turnover ratio reached its peak at 6.87 in Jul 31, 2022, suggesting that Quanex Building Products was able to generate $6.87 in sales for every dollar invested in fixed assets during that quarter. This signifies efficient utilization of its fixed assets to drive revenue.
Overall, the trend in Quanex Building Products' fixed asset turnover indicates that the company has been increasingly efficient in utilizing its fixed assets to generate sales, which is a positive signal for investors and stakeholders.
Peer comparison
Oct 31, 2024