Rush Enterprises A Inc (RUSHA)
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 | 7,804,750 | 7,824,620 | 7,909,230 | 7,885,250 | 7,925,020 | 7,778,500 | 7,662,050 | 7,450,240 | 7,101,670 | 6,530,530 | 5,932,760 | 5,457,540 | 5,126,150 | 5,082,550 | 4,994,600 | 4,681,090 | 4,735,940 | 4,785,440 | 5,206,130 | 5,748,180 |
| Property, plant and equipment | US$ in thousands | 1,615,640 | 1,568,060 | 1,522,810 | 1,501,070 | 1,488,090 | 1,474,660 | 1,441,050 | 1,404,570 | 1,368,590 | 1,351,970 | 1,347,750 | 1,265,600 | 1,278,210 | 1,166,190 | 1,179,310 | 1,183,440 | 1,203,720 | 1,227,280 | 1,251,880 | 1,276,060 |
| Fixed asset turnover | 4.83 | 4.99 | 5.19 | 5.25 | 5.33 | 5.27 | 5.32 | 5.30 | 5.19 | 4.83 | 4.40 | 4.31 | 4.01 | 4.36 | 4.24 | 3.96 | 3.93 | 3.90 | 4.16 | 4.50 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $7,804,750K ÷ $1,615,640K
= 4.83
The fixed asset turnover ratio reflects the efficiency of Rush Enterprises A Inc in generating sales revenue from its investment in fixed assets. A higher fixed asset turnover ratio indicates that the company is utilizing its fixed assets more effectively to generate sales.
Analyzing the data provided, we observe a fluctuating trend in Rush Enterprises A Inc's fixed asset turnover ratio over the years. The ratio has generally shown an increasing pattern from March 31, 2020, to December 31, 2023, indicating improved efficiency in utilizing fixed assets to generate sales.
However, from March 31, 2024, to December 31, 2024, there is a slight decline in the fixed asset turnover ratio. This decrease may suggest a decrease in the company's effectiveness in utilizing its fixed assets to generate sales revenue during this period.
Overall, Rush Enterprises A Inc's fixed asset turnover ratio shows a generally positive trend, with some fluctuations in recent periods. It is essential for the company to continue monitoring and managing its fixed asset utilization efficiently to maintain or improve its operational efficiency and profitability.
Peer comparison
Dec 31, 2024