Sonos Inc (SONO)
Fixed asset turnover
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,574,985 | 1,550,921 | 1,602,554 | 1,672,523 | 1,683,666 | 1,682,367 | 1,777,975 | 1,752,335 | 1,795,584 | 1,802,473 | 1,735,641 | 1,716,744 | 1,697,042 | 1,567,320 | 1,409,095 | 1,327,065 | 1,281,388 | 1,292,557 | 1,328,006 | 1,259,505 |
| Property, plant and equipment | US$ in thousands | 103,123 | 88,236 | 86,816 | 87,075 | 94,154 | 87,467 | 85,068 | 86,168 | 75,862 | 71,973 | 68,996 | 71,341 | 71,732 | 65,509 | 64,170 | 60,784 | 64,840 | 74,910 | 81,474 | 78,139 |
| Fixed asset turnover | 15.27 | 17.58 | 18.46 | 19.21 | 17.88 | 19.23 | 20.90 | 20.34 | 23.67 | 25.04 | 25.16 | 24.06 | 23.66 | 23.93 | 21.96 | 21.83 | 19.76 | 17.25 | 16.30 | 16.12 |
June 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,574,985K ÷ $103,123K
= 15.27
Fixed asset turnover measures how efficiently a company generates revenue from its investment in fixed assets. A higher fixed asset turnover ratio indicates better utilization of fixed assets to generate sales.
Analyzing the fixed asset turnover of Sonos Inc over the past few quarters reveals a generally increasing trend, indicating an improvement in the company's efficiency in utilizing its fixed assets to generate revenue. The ratio has shown a consistent upward trajectory, starting at 15.27 in June 2020 and reaching a peak of 25.16 in March 2022. This indicates that Sonos has been effectively generating sales relative to its investment in fixed assets during this period.
While there have been fluctuations in the fixed asset turnover ratio over the quarters, the overall trend shows an increasing efficiency in utilizing fixed assets. The average fixed asset turnover ratio over this period appears to be relatively high, indicating that Sonos has been successful in efficiently converting its fixed assets into sales.
In conclusion, the upward trend in Sonos Inc's fixed asset turnover ratio suggests an improvement in operational efficiency and effectiveness in utilizing its fixed assets to generate revenue. This is a positive indicator of the company's performance in managing its fixed assets.
Peer comparison
Jun 30, 2024