Quanex Building Products (NX)
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 | 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 | 893,841 | 897,558 | 898,918 |
| Property, plant and equipment | US$ in thousands | 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 | 193,600 | 190,447 | 197,182 |
| Fixed asset turnover | 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 | 4.62 | 4.71 | 4.56 |
January 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,109,013K ÷ $253,681K
= 4.37
Quanex Building Products' fixed asset turnover has shown fluctuations over the past few periods, ranging from 4.37 to 6.87. A higher fixed asset turnover ratio indicates that the company is generating more revenue from its fixed assets, which can be seen in the higher ratios displayed in recent periods. This signifies that Quanex is effectively utilizing its fixed assets to generate sales.
The peak in the fixed asset turnover ratio of 6.87 in the quarter ending October 31, 2022, suggests that Quanex was particularly efficient in generating revenue from its fixed assets during that period. However, the ratio has shown slight decreases in subsequent periods, but it remains relatively high compared to earlier periods.
Overall, the trend in Quanex Building Products' fixed asset turnover indicates a generally positive performance in terms of utilizing its fixed assets efficiently to drive revenue generation. It is essential for the company to maintain this efficiency in the long term to support sustained growth and profitability.
Peer comparison
Jan 31, 2024