Polaris Industries Inc (PII)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 7,175,400 | 7,709,200 | 8,235,700 | 8,491,100 | 8,934,400 | 9,049,300 | 9,141,000 | 8,987,200 | 8,764,300 | 8,530,600 | 8,149,500 | 8,203,900 | 8,198,200 | 8,184,100 | 8,179,200 | 7,573,800 | 7,027,900 | 6,607,470 | 6,424,520 | 6,692,040 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 1,293,100 | 1,239,000 | 1,058,400 | 1,129,400 | 957,900 | 939,600 | 978,200 | 1,140,600 | 1,096,500 | 1,024,300 | 879,000 | 888,800 | 865,300 | 873,700 | 886,100 |
| Fixed asset turnover | — | — | — | — | — | 7.00 | 7.38 | 8.49 | 7.76 | 8.91 | 8.67 | 8.39 | 7.19 | 7.46 | 7.99 | 8.62 | 7.91 | 7.64 | 7.35 | 7.55 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $7,175,400K ÷ $—K
= —
Polaris Industries Inc's fixed asset turnover ratio has shown some fluctuation over the past few years based on the provided data. The ratio indicates how efficiently the company is utilizing its fixed assets to generate revenue.
From March 2020 to June 2022, the fixed asset turnover ratio steadily increased from 7.55 to 8.67, indicating that Polaris was generating more sales for each dollar invested in fixed assets during this period. This improvement suggests a more efficient utilization of the company's fixed assets.
However, the ratio declined to 7.38 in June 2023 before dropping further to 7.00 in September 2023. This decrease may indicate either a decrease in sales or an increase in the value of fixed assets on the company's balance sheet. A lower fixed asset turnover ratio can sometimes signal inefficiencies in asset utilization.
The ratio then increased to 8.49 by March 2024, indicating a potential improvement in asset utilization efficiency. However, the data for the latter half of 2024 is not available, making it challenging to assess the current trend in the company's fixed asset turnover.
Overall, fluctuations in Polaris Industries Inc's fixed asset turnover ratio suggest varying levels of efficiency in utilizing fixed assets to generate revenue. Investors and stakeholders may want to monitor future financial statements to assess the company's ability to effectively manage its fixed asset base.