Boston Beer Company Inc (SAM)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,012,930 | 2,008,620 | 2,090,330 | 2,057,620 | 1,736,430 |
| Property, plant and equipment | US$ in thousands | 616,242 | 642,509 | 667,909 | 664,815 | 623,083 |
| Fixed asset turnover | 3.27 | 3.13 | 3.13 | 3.10 | 2.79 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,012,930K ÷ $616,242K
= 3.27
The fixed asset turnover ratio measures how efficiently Boston Beer Company Inc is utilizing its fixed assets to generate revenue. From 2020 to 2024, the company's fixed asset turnover ratio has been consistently increasing, indicating improved efficiency in generating sales from its fixed assets.
In 2020, the fixed asset turnover ratio was 2.79, and it increased to 3.27 by the end of 2024. This upward trend suggests that Boston Beer Company Inc has been able to generate more revenue per dollar of fixed assets invested over the years.
A higher fixed asset turnover ratio signifies that the company is effectively utilizing its fixed assets to drive sales, indicating operational efficiency and potentially better profitability. This positive trend in the fixed asset turnover ratio for Boston Beer Company Inc indicates improved asset management and operational performance over the years.
Peer comparison
Dec 31, 2024