Rush Enterprises A Inc (RUSHA)

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	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	5,809,840	6,032,580	5,809,460	5,613,730
Property, plant and equipment	US$ in thousands	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	1,279,930	1,261,370	1,237,190	1,195,820
Fixed asset turnover		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	4.54	4.78	4.70	4.69

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $7,925,020K ÷ $1,488,090K
= 5.33

The fixed asset turnover ratio for Rush Enterprises A Inc has shown a generally increasing trend over the past five quarters, indicating improvements in the efficiency of utilizing fixed assets to generate revenue. The ratio has ranged from 3.90 to 5.33 during this period.

The company's fixed asset turnover ratio peaked at 5.33 on Dec 31, 2023, which suggests that for every dollar invested in fixed assets, the company generated $5.33 in sales revenue. This could be a positive signal of efficient asset utilization.

Overall, the increasing trend in the fixed asset turnover ratio indicates that Rush Enterprises A Inc has been effectively managing its fixed assets to drive revenue growth. It is essential to monitor this ratio over time to assess the company's ongoing efficiency in utilizing fixed assets.