Oxford Industries Inc (OXM)

Fixed asset turnover

		Feb 3, 2024	Oct 28, 2023	Jul 29, 2023	Apr 29, 2023	Jan 28, 2023	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	May 1, 2021	Jan 30, 2021	Oct 31, 2020	Aug 1, 2020	May 2, 2020	Feb 1, 2020	Nov 2, 2019	Aug 3, 2019	May 4, 2019
Revenue (ttm)	US$ in thousands	1,573,231	1,553,886	1,540,289	1,483,400	1,414,128	1,332,629	1,267,325	1,232,567	1,145,748	1,063,530	990,936	854,252	748,833	826,062	892,148	1,002,160	1,123,790	1,123,729	1,116,170	1,116,811
Property, plant and equipment	US$ in thousands	195,137	188,686	188,004	181,601	177,584	173,391	150,887	150,393	152,447	156,672	157,380	157,553	159,732	178,029	180,284	188,568	191,517	190,537	189,410	191,104
Fixed asset turnover		8.06	8.24	8.19	8.17	7.96	7.69	8.40	8.20	7.52	6.79	6.30	5.42	4.69	4.64	4.95	5.31	5.87	5.90	5.89	5.84

February 3, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,573,231K ÷ $195,137K
= 8.06

The fixed asset turnover ratio of Oxford Industries Inc has exhibited fluctuations over the past several periods, ranging from a low of 4.64 to a high of 8.40. This ratio measures the company's ability to generate sales using its fixed assets, with a higher ratio indicating more efficient utilization of fixed assets to generate revenue.

Overall, there seems to be a positive trend in the fixed asset turnover ratio of the company, showing an increase in efficiency in utilizing its fixed assets to generate revenue. However, it's important to note the variability in the ratio over time, which could be influenced by factors such as changes in sales, investment in fixed assets, or operational efficiency.

Further analysis of Oxford Industries Inc's fixed asset turnover ratio in conjunction with other financial metrics and industry benchmarks would provide a more comprehensive understanding of the company's operational efficiency and effectiveness in managing its fixed assets.