Phibro Animal Health Corporation (PAHC)

Fixed asset turnover

		Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	993,816	966,848	952,851	955,955	960,113	955,995	953,390	945,191	935,602	907,274	879,384	852,821	833,350	798,955	797,965	805,828	800,354	818,354	813,351	817,562
Property, plant and equipment	US$ in thousands	203,300	202,061	200,839	193,359	195,568	188,939	186,122	179,393	165,490	162,455	154,584	152,830	154,706	150,188	150,337	147,256	148,109	143,112	144,733	142,164
Fixed asset turnover		4.89	4.78	4.74	4.94	4.91	5.06	5.12	5.27	5.65	5.58	5.69	5.58	5.39	5.32	5.31	5.47	5.40	5.72	5.62	5.75

June 30, 2024 calculation

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

The fixed asset turnover ratio of Phibro Animal Health Corporation has shown a fluctuating trend over the past few quarters. It indicates how efficiently the company is utilizing its fixed assets to generate revenue.

The fixed asset turnover ratio has ranged from a low of 4.74 to a high of 5.72 during the period under consideration. The ratio has generally been above 5, indicating that the company is generating more than $5 in revenue for each dollar invested in fixed assets.

The highest fixed asset turnover ratio was observed in the second quarter of 2022, indicating a peak efficiency in asset utilization during that period. On the other hand, the lowest ratio in the fourth quarter of 2023 suggests a slight decrease in efficiency in utilizing fixed assets to generate revenue.

Overall, the trend in the fixed asset turnover ratio of Phibro Animal Health Corporation demonstrates a relatively stable performance in terms of asset utilization efficiency over the analyzed period.