New York Times Company (NYT)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,447,250 | 2,383,240 | 2,123,020 | 1,783,640 | 1,812,180 |
| Property, plant and equipment | US$ in thousands | 514,245 | 553,698 | 574,952 | 594,516 | 627,121 |
| Fixed asset turnover | 4.76 | 4.30 | 3.69 | 3.00 | 2.89 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,447,250K ÷ $514,245K
= 4.76
The fixed asset turnover of New York Times Co. has shown an increasing trend over the past five years, indicating a more efficient utilization of the company's fixed assets to generate sales. The ratio has improved from 3.00 in 2020 to 4.72 in 2023.
A higher fixed asset turnover ratio signifies that the company is generating more revenue per dollar of fixed assets invested, reflecting improved asset management and operational efficiency. This indicates that New York Times Co. has been successful in maximizing the productivity of its fixed assets over time.
The peak in fixed asset turnover in 2023 at 4.72 suggests that the company has been effectively managing its fixed assets to drive sales growth. This improvement may be a result of strategic investments in technology, equipment, or other fixed assets that have increased the company's production capacity or operational efficiency.
Overall, the increasing trend in fixed asset turnover for New York Times Co. signifies its ability to generate more revenue from its fixed assets, which is a positive indication of the company's operational performance and management effectiveness.
Peer comparison
Dec 31, 2023