Phibro Animal Health Corporation (PAHC)

Fixed asset turnover

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Revenue	US$ in thousands	993,816	960,113	935,602	833,350	800,354
Property, plant and equipment	US$ in thousands	203,300	195,568	165,490	154,706	148,109
Fixed asset turnover		4.89	4.91	5.65	5.39	5.40

June 30, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $993,816K ÷ $203,300K
= 4.89

Phibro Animal Health Corporation's fixed asset turnover ratio has shown a downward trend over the past five years, declining from 5.40 in 2020 to 4.89 in 2024. This indicates that the company's ability to generate sales revenue from its fixed assets has weakened slightly over time. Despite the fluctuations, the company has generally maintained a high fixed asset turnover ratio, reflecting efficient utilization of its fixed assets to generate revenue. The slight decreases in the ratio could be attributed to changes in operational efficiencies or investment decisions impacting asset utilization. Further analysis of the company's operational performance and asset management strategies may provide insights into the underlying factors affecting the fixed asset turnover ratio.