Papa John's International Inc (PZZA)

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 2,059,387 2,099,939 2,115,944 2,122,580 2,135,713 2,090,625 2,078,325 2,086,460 2,102,103 2,104,754 2,107,024 2,099,367 2,068,421 2,009,347 1,969,506 1,915,121 1,813,234 1,760,937 1,691,702 1,630,702
Property, plant and equipment US$ in thousands — — — — — — 264,393 253,144 249,793 230,894 225,382 216,253 421,019 405,108 387,748 384,769 200,895 199,291 200,581 205,035
Fixed asset turnover — — — — — — 7.86 8.24 8.42 9.12 9.35 9.71 4.91 4.96 5.08 4.98 9.03 8.84 8.43 7.95

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,059,387K ÷ $—K
= —

The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate revenue. A higher fixed asset turnover ratio indicates better utilization of fixed assets.

Analyzing Papa John's International Inc's fixed asset turnover ratio from March 31, 2020, to June 30, 2022, we observe a general increasing trend in the ratio, indicating improved efficiency in utilizing fixed assets to generate revenue during this period.

From March 31, 2020, to December 31, 2021, the fixed asset turnover ratio steadily increased from 7.95 to 9.03, reflecting an efficient utilization of fixed assets during this period.

However, there was a decline in the fixed asset turnover ratio in the subsequent quarters, dropping to 4.91 by December 31, 2021. This decline may suggest a decrease in the efficiency of utilizing fixed assets to generate revenue during this period.

The ratio then showed a notable recovery, increasing to 9.71 by March 31, 2022, indicating an improvement in the efficiency of utilizing fixed assets for revenue generation.

It is important to note that the fixed asset turnover ratios for the subsequent quarters are not available, as the data for these periods is not provided.

Overall, understanding Papa John's International Inc's fixed asset turnover ratios can provide insights into the company's management of fixed assets and efficiency in generating revenue.