Sally Beauty Holdings Inc (SBH)
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 | 3,628,215 | 3,653,284 | 3,698,523 | 3,711,659 | 3,701,123 | 3,722,075 | 3,746,879 | 3,820,324 | 3,831,278 | 3,779,726 | 3,767,647 | 3,446,701 | 3,393,635 | 3,444,070 | 3,452,195 | 3,723,594 | 3,796,746 | 3,802,820 | 3,802,880 | 3,825,274 |
| Property, plant and equipment | US$ in thousands | 284,899 | 297,779 | 281,181 | 283,356 | 288,732 | 297,876 | 289,814 | 287,855 | 293,871 | 307,377 | 283,033 | 289,070 | 305,225 | 315,029 | 311,063 | 320,220 | 315,925 | 319,628 | 292,371 | 297,124 |
| Fixed asset turnover | 12.74 | 12.27 | 13.15 | 13.10 | 12.82 | 12.50 | 12.93 | 13.27 | 13.04 | 12.30 | 13.31 | 11.92 | 11.12 | 10.93 | 11.10 | 11.63 | 12.02 | 11.90 | 13.01 | 12.87 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,628,215K ÷ $284,899K
= 12.74
The fixed asset turnover ratio for Sally Beauty Holdings Inc has been relatively stable over the past eight quarters, ranging from 12.52 to 13.56. This indicates that, on average, the company generates between $12.52 and $13.56 in sales for every dollar invested in fixed assets. A consistently high fixed asset turnover ratio suggests that Sally Beauty Holdings Inc efficiently utilizes its fixed assets to generate revenue. This efficiency in asset utilization is a positive signal for investors, indicating that the company is effectively managing its capital investments in fixed assets to drive sales and profitability. Overall, the trend in the fixed asset turnover ratio suggests that Sally Beauty Holdings Inc is effectively managing its asset base to drive operational performance.
Peer comparison
Dec 31, 2023