PVH Corp (PVH)

Fixed asset turnover

		Feb 4, 2024	Oct 29, 2023	Jul 30, 2023	Apr 30, 2023	Jan 29, 2023	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Jan 30, 2022	Oct 31, 2021	Aug 1, 2021	May 2, 2021	Jan 31, 2021	Nov 1, 2020	Aug 2, 2020	May 3, 2020	Feb 2, 2020	Nov 3, 2019	Aug 4, 2019	May 5, 2019
Revenue (ttm)	US$ in thousands	9,217,700	9,216,500	9,134,400	9,059,400	9,024,200	8,965,200	9,016,900	9,198,100	9,154,700	8,814,800	8,600,400	7,867,900	7,132,600	7,643,600	8,113,200	8,896,700	9,909,000	9,792,200	9,729,000	9,698,500
Property, plant and equipment	US$ in thousands	862,600	848,000	876,000	885,700	904,000	844,600	842,000	863,300	906,100	897,100	889,400	909,400	942,700	953,200	979,100	976,500	1,026,800	994,700	973,400	962,300
Fixed asset turnover		10.69	10.87	10.43	10.23	9.98	10.61	10.71	10.65	10.10	9.83	9.67	8.65	7.57	8.02	8.29	9.11	9.65	9.84	9.99	10.08

February 4, 2024 calculation

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

The fixed asset turnover of PVH Corp appears to have fluctuated over the past few quarters, ranging from 7.57 to 10.87. A higher fixed asset turnover ratio indicates that the company is generating more revenue per dollar of fixed assets, which is generally favorable.

Based on the data provided, PVH Corp generally maintained a healthy fixed asset turnover ratio above 9 in most quarters, indicating efficient utilization of its fixed assets to generate sales. The slight fluctuations in the ratio may be attributed to changes in sales volume, asset efficiency, or investments in new fixed assets.

Overall, the trend suggests that PVH Corp has been effectively managing and utilizing its fixed assets to generate revenue during the periods under review. However, it would be important to analyze the underlying reasons for fluctuations in the ratio for a more comprehensive assessment of the company's operational efficiency.