Sonos Inc (SONO)
Fixed asset turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,520,930 | 1,661,860 | 1,741,010 | 1,716,560 | 1,324,680 |
| Property, plant and equipment | US$ in thousands | 102,148 | 87,075 | 86,168 | 71,341 | 60,784 |
| Fixed asset turnover | 14.89 | 19.09 | 20.20 | 24.06 | 21.79 |
September 30, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,520,930K ÷ $102,148K
= 14.89
The fixed asset turnover ratio for Sonos Inc has shown a decreasing trend over the past five years. In 2020, the ratio was at 21.79, indicating that the company generated $21.79 in sales for every dollar invested in fixed assets. However, this ratio decreased in subsequent years to 24.06 in 2021, 20.20 in 2022, and 19.09 in 2023. By the end of 2024, the fixed asset turnover further declined to 14.89.
A decreasing fixed asset turnover ratio suggests that Sonos Inc is becoming less efficient in generating sales from its fixed assets. This trend may indicate either a decrease in sales relative to fixed assets, an increase in the value of fixed assets, or a combination of both factors. It would be essential for the company to further analyze this ratio to identify areas for improvement in asset utilization and operational efficiency.
Peer comparison
Sep 30, 2024