PVH Corp (PVH)

Fixed asset turnover

		Feb 4, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Feb 2, 2020
Revenue	US$ in thousands	9,217,700	9,024,200	9,154,700	7,132,600	9,909,000
Property, plant and equipment	US$ in thousands	862,600	904,000	906,100	942,700	1,026,800
Fixed asset turnover		10.69	9.98	10.10	7.57	9.65

February 4, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $9,217,700K ÷ $862,600K
= 10.69

PVH Corp's fixed asset turnover ratio has shown fluctuations over the past five years. Generally, a higher fixed asset turnover ratio indicates better efficiency in utilizing fixed assets to generate sales. PVH Corp's fixed asset turnover has ranged from 7.57 to 10.69 during this period, indicating varying levels of efficiency in generating sales from its fixed assets.

In 2024, the fixed asset turnover ratio increased to 10.69, reflecting an improvement in the company's ability to generate sales from its fixed assets compared to the previous year. This could be attributed to better asset utilization or an increase in sales relative to its fixed asset base.

In contrast, in 2021, the fixed asset turnover ratio was lower at 7.57, suggesting that PVH Corp was less efficient in utilizing its fixed assets to generate sales during that period.

Overall, PVH Corp's fixed asset turnover has displayed fluctuations, indicating changes in the company's efficiency in utilizing fixed assets over the years. Further analysis of the company's operations and asset management practices may provide insights into the factors driving these fluctuations.