Somnigroup International Inc. (SGI)
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 | 4,893,500 | 4,870,600 | 4,906,700 | 4,925,400 | 4,942,300 | 4,948,500 | 4,889,800 | 4,921,200 | 5,093,400 | 5,168,400 | 5,126,500 | 4,930,800 | 4,628,200 | 4,402,200 | 3,898,300 | 3,676,900 | 3,491,200 | 3,179,900 | 3,237,500 | 3,106,000 |
| Property, plant and equipment | US$ in thousands | 843,800 | 867,600 | 875,800 | 798,200 | 849,400 | 850,900 | 823,200 | 723,000 | 727,300 | 672,800 | 624,900 | 518,700 | 492,400 | 457,500 | 449,600 | 507,900 | 422,800 | 462,800 | 460,300 | 435,800 |
| Fixed asset turnover | 5.80 | 5.61 | 5.60 | 6.17 | 5.82 | 5.82 | 5.94 | 6.81 | 7.00 | 7.68 | 8.20 | 9.51 | 9.40 | 9.62 | 8.67 | 7.24 | 8.26 | 6.87 | 7.03 | 7.13 |
September 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,893,500K ÷ $843,800K
= 5.80
The fixed asset turnover ratio for Somnigroup International Inc. has shown fluctuations over the reporting periods from December 31, 2019, to September 30, 2024. The ratio indicates how efficiently the company is utilizing its fixed assets to generate revenue.
The ratio started at 7.13 on December 31, 2019, and generally trended upwards, reaching a peak of 9.62 on June 30, 2021. This indicates that for each dollar invested in fixed assets, the company generated $9.62 in sales during that period.
However, after the peak in mid-2021, the fixed asset turnover ratio began to decline gradually. It decreased to 5.60 on March 31, 2024. This downward trend suggests a potential decrease in efficiency in the utilization of fixed assets to generate revenue.
Overall, the fluctuation in the fixed asset turnover ratio for Somnigroup International Inc. indicates the need for a closer examination of the company's fixed asset management and operational effectiveness to ensure optimal utilization of resources and revenue generation.
Peer comparison
Sep 30, 2024