Sonos Inc (SONO)

Fixed asset turnover

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Revenue	US$ in thousands	1,661,860	1,741,010	1,716,560	1,324,680	1,253,490
Property, plant and equipment	US$ in thousands	87,075	86,168	71,341	60,784	78,139
Fixed asset turnover		19.09	20.20	24.06	21.79	16.04

September 30, 2023 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,661,860K ÷ $87,075K
= 19.09

The fixed asset turnover for Sonos Inc has shown some fluctuation over the past five years. In 2023, the fixed asset turnover decreased to 19.01 from 20.34 in 2022. However, it remained higher compared to 2019 and 2020, indicating that the company generated $19.01 in sales for every dollar invested in fixed assets. This suggests that Sonos Inc is effectively utilizing its fixed assets to generate revenue, but there may be a potential need to further optimize asset utilization to maintain or improve this ratio in the future.

Peer comparison

Sep 30, 2023

Company name

Symbol

Fixed asset turnover

Sonos Inc

SONO

19.09