New York Times Company (NYT)
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 | 2,447,254 | 2,433,332 | 2,378,510 | 2,374,424 | 2,349,012 | 2,289,467 | 2,293,080 | 2,202,166 | 2,138,222 | 2,037,156 | 1,911,179 | 1,814,559 | 1,783,639 | 1,782,644 | 1,784,250 | 1,816,758 | 1,812,184 | 1,820,004 | 1,804,823 | 1,783,125 |
| Property, plant and equipment | US$ in thousands | 514,245 | 523,753 | 531,117 | 546,305 | 553,698 | 561,068 | 566,442 | 570,803 | 574,952 | 579,444 | 582,331 | 587,452 | 594,516 | 604,283 | 611,998 | 622,113 | 627,121 | 627,059 | 633,049 | 635,444 |
| Fixed asset turnover | 4.76 | 4.65 | 4.48 | 4.35 | 4.24 | 4.08 | 4.05 | 3.86 | 3.72 | 3.52 | 3.28 | 3.09 | 3.00 | 2.95 | 2.92 | 2.92 | 2.89 | 2.90 | 2.85 | 2.81 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,447,254K ÷ $514,245K
= 4.76
Fixed asset turnover measures how efficiently a company is generating revenues from its investment in fixed assets. In the case of New York Times Co., the fixed asset turnover has been consistently increasing from 3.75 in Q1 2022 to 4.72 in Q4 2023. This indicates that the company has been effectively utilizing its fixed assets to generate sales.
A fixed asset turnover of 4.72 in Q4 2023 means that for every dollar invested in fixed assets, the company generated $4.72 in sales during that quarter. This is a positive trend, showing that New York Times Co. is becoming more efficient in utilizing its fixed assets to drive revenue.
The overall improvement in fixed asset turnover suggests that New York Times Co. has been managing its fixed assets more effectively over the analyzed period. This could be driven by better asset management practices, operational efficiencies, or increased sales generating from these assets.
It is important for the company to continue monitoring and improving its fixed asset turnover to ensure optimal utilization of its resources and support sustainable growth in the future.
Peer comparison
Dec 31, 2023