Planet Fitness Inc (PLNT)
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 | 1,160,425 | 1,082,185 | 1,045,786 | 1,009,840 | 986,001 | 984,910 | 952,853 | 891,685 | 852,544 | 755,272 | 666,937 | 580,823 | 510,272 | 479,125 | 428,591 | 330,645 | 346,043 | 403,782 | 472,257 | 622,556 |
| Property, plant and equipment | US$ in thousands | 423,906 | 421,551 | 400,128 | 381,875 | 390,226 | 663,238 | 620,542 | 595,281 | 576,319 | 537,003 | 523,918 | 501,956 | 325,761 | 302,864 | 288,463 | 161,731 | 160,677 | 159,053 | 149,624 | 145,114 |
| Fixed asset turnover | 2.74 | 2.57 | 2.61 | 2.64 | 2.53 | 1.49 | 1.54 | 1.50 | 1.48 | 1.41 | 1.27 | 1.16 | 1.57 | 1.58 | 1.49 | 2.04 | 2.15 | 2.54 | 3.16 | 4.29 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,160,425K ÷ $423,906K
= 2.74
Planet Fitness Inc's fixed asset turnover has exhibited a declining trend over the analyzed period, indicating a decreasing efficiency in generating sales revenue from its fixed assets. As of December 31, 2024, the fixed asset turnover stood at 2.74. This suggests that the company generated $2.74 in sales revenue for every dollar invested in fixed assets, showcasing a moderate level of efficiency. It is important for investors and stakeholders to closely monitor this ratio to assess the company's ability to utilize its fixed assets effectively in generating revenue.