Boston Beer Company Inc (SAM)
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 | 2,008,625 | 2,062,428 | 2,057,282 | 2,070,221 | 2,090,334 | 1,990,903 | 1,956,093 | 1,942,655 | 2,057,622 | 2,170,465 | 2,101,614 | 1,950,947 | 1,736,432 | 1,576,795 | 1,462,469 | 1,328,738 | 1,249,824 | 1,173,746 | 1,102,150 | 1,056,843 |
| Property, plant and equipment | US$ in thousands | 642,509 | 647,323 | 656,359 | 662,697 | 667,909 | 670,689 | 675,208 | 668,876 | 664,815 | 665,374 | 664,200 | 636,007 | 623,083 | 588,977 | 565,265 | 550,030 | 541,068 | 521,316 | 412,064 | 398,882 |
| Fixed asset turnover | 3.13 | 3.19 | 3.13 | 3.12 | 3.13 | 2.97 | 2.90 | 2.90 | 3.10 | 3.26 | 3.16 | 3.07 | 2.79 | 2.68 | 2.59 | 2.42 | 2.31 | 2.25 | 2.67 | 2.65 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,008,625K ÷ $642,509K
= 3.13
The fixed asset turnover ratio measures a company's ability to generate sales from its investment in fixed assets, such as property, plant, and equipment. Boston Beer Company Inc's fixed asset turnover has shown variability over the past few quarters, ranging from a low of 2.31 to a high of 3.26.
In general, a higher fixed asset turnover ratio indicates that the company is utilizing its fixed assets more efficiently to generate sales. Boston Beer's fixed asset turnover has generally been trending upwards, peaking at 3.26 in the third quarter of 2021. This indicates that the company has been able to generate more sales relative to its investment in fixed assets during that period.
However, it is important to note that the ratio has fluctuated in more recent quarters, with some quarters showing a slight decline. For example, in the most recent quarter ending Dec 31, 2023, the fixed asset turnover ratio was 3.13, which was slightly lower compared to the previous quarter. This could suggest that the company's ability to generate sales from its fixed assets may have slightly decreased during that period.
Overall, Boston Beer Company Inc's fixed asset turnover ratio has shown some positive trends in efficiently utilizing its fixed assets to generate sales, but the recent fluctuations warrant further monitoring to assess the company's ongoing operational efficiency.
Peer comparison
Dec 31, 2023