Pool Corporation (POOL)
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 | 5,310,949 | 5,326,520 | 5,368,050 | 5,455,630 | 5,541,590 | 5,634,460 | 5,775,390 | 5,973,850 | 6,179,730 | 6,119,370 | 5,915,480 | 5,647,490 | 5,295,580 | 5,099,281 | 4,827,061 | 4,320,081 | 3,936,629 | 3,679,602 | 3,438,872 | 3,279,352 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 507,405 | 209,541 | 200,997 | 193,709 | 439,998 | 443,051 | 180,504 | 420,670 | 332,346 | 332,729 | 318,866 | 108,241 | 109,086 | 111,258 | 113,987 |
| Fixed asset turnover | — | — | — | — | — | 11.10 | 27.56 | 29.72 | 31.90 | 13.91 | 13.35 | 31.29 | 12.59 | 15.34 | 14.51 | 13.55 | 36.37 | 33.73 | 30.91 | 28.77 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,310,949K ÷ $—K
= —
Pool Corporation's fixed asset turnover has shown fluctuations over the past few years. The ratio increased steadily from March 31, 2020, to December 31, 2022, indicating that the company was generating more sales relative to its fixed assets during this period. This suggests that Pool Corporation was effectively utilizing its fixed assets to generate revenue.
However, there was a significant decrease in fixed asset turnover from March 31, 2022, to September 30, 2023, indicating a potential inefficiency in utilizing fixed assets to generate sales during this period. This decline could be attributed to various factors such as changes in business operations, capital expenditures, or market conditions.
Notably, the fixed asset turnover ratio dropped to zero in the latter part of 2023 and remained at zero for the years 2024. A fixed asset turnover ratio of zero can indicate that the company's fixed assets are no longer being used to generate revenue or that there are inconsistencies in data reporting.
Overall, it is essential for Pool Corporation to closely monitor its fixed asset turnover ratio, identify the factors influencing fluctuations, and take appropriate measures to ensure efficient utilization of fixed assets in generating sales.