Sturm Ruger & Company Inc (RGR)
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 | 543,767 | 562,374 | 580,871 | 578,720 | 595,842 | 614,659 | 653,515 | 712,934 | 730,736 | 731,955 | 699,414 | 629,606 | 568,868 | 504,747 | 454,041 | 420,106 | 410,506 | 426,488 | 446,434 | 478,516 |
| Property, plant and equipment | US$ in thousands | 71,534 | 69,801 | 69,266 | 72,275 | 76,853 | 71,615 | 75,224 | 78,129 | 73,631 | 64,541 | 67,575 | 68,820 | 70,733 | 60,425 | 65,545 | 70,866 | 73,914 | 69,565 | 71,715 | 78,013 |
| Fixed asset turnover | 7.60 | 8.06 | 8.39 | 8.01 | 7.75 | 8.58 | 8.69 | 9.13 | 9.92 | 11.34 | 10.35 | 9.15 | 8.04 | 8.35 | 6.93 | 5.93 | 5.55 | 6.13 | 6.23 | 6.13 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $543,767K ÷ $71,534K
= 7.60
Sturm, Ruger & Co., Inc.'s fixed asset turnover ratio has shown a fluctuating trend over the past eight quarters. The ratio measures how efficiently the company is utilizing its fixed assets to generate revenue. A higher fixed asset turnover ratio indicates that the company is generating more revenue per dollar of fixed assets.
In the last quarter of 2023, the fixed asset turnover ratio was 7.60, which decreased from the previous quarter but remained relatively high compared to historical levels. This suggests that the company may have experienced a decrease in revenue generated per dollar of fixed assets in Q4 2023 compared to the previous quarter.
Overall, Sturm, Ruger & Co., Inc. has shown a strong utilization of its fixed assets in recent quarters, with the ratio consistently above 7. This indicates efficient management of fixed assets, although there may be some variability in operational performance impacting the efficiency of asset utilization. Further analysis and comparison with industry benchmarks can provide more insights into the company's operational efficiency and asset management strategies.
Peer comparison
Dec 31, 2023