Sonic Automotive Inc (SAH)

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	14,233,200	14,269,000	14,074,700	13,935,600	13,908,700	13,509,270	13,147,070	13,004,340	12,345,730	11,969,180	11,445,730	10,207,390	9,729,990	9,690,070	9,853,240	10,363,490	10,454,340	10,280,200	10,048,330	9,940,000
Property, plant and equipment	US$ in thousands	1,601,000	1,599,200	1,559,400	1,591,900	1,561,700	1,555,700	1,491,600	1,488,600	1,458,800	1,232,240	1,177,930	1,166,920	1,120,500	1,110,610	1,112,870	1,092,380	1,097,250	1,136,210	1,130,940	1,137,570
Fixed asset turnover		8.89	8.92	9.03	8.75	8.91	8.68	8.81	8.74	8.46	9.71	9.72	8.75	8.68	8.72	8.85	9.49	9.53	9.05	8.88	8.74

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $14,233,200K ÷ $1,601,000K
= 8.89

Sonic Automotive, Inc.'s fixed asset turnover has remained relatively stable over the past eight quarters, ranging from 8.86 to 9.10. This ratio indicates how efficiently the company generates revenue from its fixed assets. The consistent high values suggest that Sonic Automotive is effectively utilizing its fixed assets to generate sales. A higher fixed asset turnover ratio typically indicates better efficiency in asset utilization. Overall, the company's ability to generate sales relative to its investment in fixed assets appears to be strong and consistent.