Post Holdings Inc (POST)
Fixed asset turnover
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 7,390,600 | 6,991,000 | 6,624,700 | 6,290,200 | 6,080,000 | 5,851,200 | 5,628,000 | 5,350,600 | 5,142,400 | 5,262,900 | 5,318,300 | 5,407,200 | 5,699,900 | 5,698,700 | 5,730,200 | 5,833,000 | 5,726,600 | 5,681,100 | 5,868,200 | 6,037,100 |
| Property, plant and equipment | US$ in thousands | 2,124,600 | 2,021,400 | 1,992,600 | 1,785,700 | 1,756,500 | 1,751,900 | 1,727,400 | 1,736,300 | 1,769,000 | 1,830,500 | 1,846,300 | 1,776,600 | 1,776,000 | 1,779,700 | 1,721,800 | 1,729,200 | 1,764,200 | 1,736,000 | 1,722,000 | 1,718,700 |
| Fixed asset turnover | 3.48 | 3.46 | 3.32 | 3.52 | 3.46 | 3.34 | 3.26 | 3.08 | 2.91 | 2.88 | 2.88 | 3.04 | 3.21 | 3.20 | 3.33 | 3.37 | 3.25 | 3.27 | 3.41 | 3.51 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $7,390,600K ÷ $2,124,600K
= 3.48
Post Holdings Inc's fixed asset turnover ratio has been relatively stable over the past eight quarters, ranging from 3.17 to 3.65. This ratio indicates that the company generates $3.17 to $3.65 in sales revenue for every dollar invested in fixed assets during the same period.
A higher fixed asset turnover ratio suggests better efficiency in utilizing fixed assets to generate sales. Post Holdings Inc's ratios consistently above 3.0 indicate that the company is effectively using its fixed assets to generate revenue.
However, the slight fluctuations in the ratio over the quarters might suggest some variability in the company's operational efficiency or changes in its asset base. Overall, Post Holdings Inc's stable and relatively high fixed asset turnover ratio indicates efficient management of its fixed assets to generate sales.
Peer comparison
Dec 31, 2023