Post Holdings Inc (POST)
Fixed asset turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,991,000 | 5,851,200 | 4,980,700 | 4,711,000 | 5,681,100 |
| Property, plant and equipment | US$ in thousands | 2,021,400 | 1,751,900 | 1,830,500 | 1,779,700 | 1,736,000 |
| Fixed asset turnover | 3.46 | 3.34 | 2.72 | 2.65 | 3.27 |
September 30, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $6,991,000K ÷ $2,021,400K
= 3.46
The fixed asset turnover for Post Holdings Inc has shown a consistent trend over the past five years. The ratio has improved from 3.27 in 2019 to 3.46 in 2023, indicating that the company is generating more revenue relative to its investment in fixed assets. This suggests that Post Holdings Inc has been effectively utilizing its fixed assets to generate sales. A higher fixed asset turnover indicates efficient use of assets and could reflect positively on the company's operational efficiency and productivity. It is important to continue monitoring this ratio to ensure sustained efficiency in the utilization of fixed assets.
Peer comparison
Sep 30, 2023