Gibraltar Industries Inc (ROCK)
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 | 1,377,736 | 1,362,786 | 1,363,333 | 1,365,368 | 1,389,966 | 1,410,554 | 1,388,616 | 1,370,056 | 1,339,783 | 1,270,535 | 1,197,974 | 1,104,769 | 1,032,578 | 993,411 | 957,403 | 926,474 | 898,233 | 913,112 | 932,414 | 974,195 |
| Property, plant and equipment | US$ in thousands | 107,603 | 105,537 | 106,130 | 107,701 | 109,584 | 105,097 | 100,998 | 97,720 | 96,885 | 96,263 | 95,837 | 91,717 | 89,562 | 94,983 | 94,723 | 95,882 | 78,152 | 95,075 | 95,867 | 95,856 |
| Fixed asset turnover | 12.80 | 12.91 | 12.85 | 12.68 | 12.68 | 13.42 | 13.75 | 14.02 | 13.83 | 13.20 | 12.50 | 12.05 | 11.53 | 10.46 | 10.11 | 9.66 | 11.49 | 9.60 | 9.73 | 10.16 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,377,736K ÷ $107,603K
= 12.80
The fixed asset turnover ratio of Gibraltar Industries Inc. has exhibited relatively stable performance over the past eight quarters, ranging from 12.68 to 14.02. This ratio measures the company's ability to generate sales revenue from its investment in fixed assets, with higher values indicating more efficient utilization of fixed assets to generate sales.
In particular, the company's fixed asset turnover ratios in Q4 2022, Q3 2022, and Q2 2022 were higher than in subsequent quarters, reflecting a period of relatively strong efficiency in converting fixed assets into sales during that period. However, the ratio has since shown a slight decline, possibly indicating a decrease in the efficiency of utilizing fixed assets to generate revenue.
Overall, the consistency of Gibraltar Industries Inc.'s fixed asset turnover ratios suggests a generally effective management of fixed assets to generate sales over the evaluated period. It would be beneficial for the company to monitor this ratio closely to ensure continued efficient utilization of fixed assets in driving revenue growth.
Peer comparison
Dec 31, 2023