Sonic Automotive Inc (SAH)
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 | 14,235,900 | 13,767,300 | 13,925,100 | 14,125,400 | 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 |
| Property, plant and equipment | US$ in thousands | 1,606,900 | 1,602,900 | 1,593,100 | 1,598,800 | 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 |
| Fixed asset turnover | 8.86 | 8.59 | 8.74 | 8.84 | 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 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $14,235,900K ÷ $1,606,900K
= 8.86
Sonic Automotive Inc's fixed asset turnover ratio has fluctuated over the past few years, ranging from a high of 9.72 in June 2021 to a low of 8.46 in December 2021. This ratio measures the efficiency with which the company is utilizing its fixed assets to generate sales. A higher fixed asset turnover ratio indicates that the company is generating more sales per dollar invested in fixed assets.
From the data provided, we can see that Sonic Automotive Inc's fixed asset turnover ratio generally remains above 8, indicating that the company is efficiently utilizing its fixed assets to generate revenue. However, there are some fluctuations in the ratio over time, which could be due to changes in sales volume, changes in the value of fixed assets, or other factors impacting the company's operations.
Overall, Sonic Automotive Inc's fixed asset turnover ratio trend suggests that the company is effectively managing its fixed assets to drive sales growth. It is important for investors and stakeholders to monitor this ratio along with other financial metrics to assess the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2024