Sally Beauty Holdings Inc (SBH)
Fixed asset turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,717,033 | 3,623,305 | 3,614,026 | 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 |
| Property, plant and equipment | US$ in thousands | 269,872 | 267,829 | 273,175 | 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 |
| Fixed asset turnover | 13.77 | 13.53 | 13.23 | 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 |
September 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,717,033K ÷ $269,872K
= 13.77
Sally Beauty Holdings Inc's fixed asset turnover has shown a generally increasing trend over the period from December 2019 to September 2024, indicating the company's ability to generate revenue relative to its investment in fixed assets. The ratio ranged from a low of 10.93 in December 2019 to a high of 13.77 in September 2024, with fluctuations in between.
The upward trend in fixed asset turnover suggests that Sally Beauty Holdings Inc has been more efficient in utilizing its fixed assets to generate sales. A higher fixed asset turnover ratio indicates that the company is generating more revenue per dollar invested in fixed assets. This could be a positive sign of operational efficiency and effective utilization of resources.
Overall, the consistent improvement in the fixed asset turnover ratio for Sally Beauty Holdings Inc signifies effective management of fixed assets and potentially stronger operational performance over the analyzed period.
Peer comparison
Sep 30, 2024