Sonos Inc (SONO)
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 | 1,525,344 | 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 |
| Property, plant and equipment | US$ in thousands | 102,148 | 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 |
| Fixed asset turnover | 14.93 | 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 |
September 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,525,344K ÷ $102,148K
= 14.93
Sonos Inc's fixed asset turnover has shown a generally increasing trend over the last few quarters, indicating that the company is utilizing its fixed assets more efficiently to generate sales. The fixed asset turnover ratio measures how effectively a company is using its fixed assets to generate revenue.
From December 2020 to September 2024, Sonos Inc's fixed asset turnover ratio has steadily increased from 16.30 to 25.04, with some fluctuations in between. This implies that the company is generating more revenue per dollar invested in fixed assets. A higher fixed asset turnover ratio is generally viewed positively as it signifies improved efficiency and productivity in the utilization of fixed assets.
Overall, the increasing trend in Sonos Inc's fixed asset turnover ratio suggests that the company is effectively managing and utilizing its fixed assets to drive sales growth. However, it is important to consider other factors and metrics in conjunction with the fixed asset turnover ratio to gain a more comprehensive understanding of the company's operational and financial performance.
Peer comparison
Sep 30, 2024