Spire Inc (SR)

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	2,542,400	2,510,800	2,468,500	2,416,200	2,524,200	2,541,800	2,588,700	2,365,900	2,078,700	2,060,900	1,943,100	2,168,800	2,128,900	2,093,600	2,087,400	1,696,600	1,749,900	1,748,800	1,775,400	1,890,600
Property, plant and equipment	US$ in thousands	955,300	917,900	886,200	687,100	628,500	582,700	520,400	508,900	491,400	476,900	475,800	474,200	471,100	463,600	457,000	448,700	432,300	420,100	547,400	518,700
Fixed asset turnover		2.66	2.74	2.79	3.52	4.02	4.36	4.97	4.65	4.23	4.32	4.08	4.57	4.52	4.52	4.57	3.78	4.05	4.16	3.24	3.64

September 30, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,542,400K ÷ $955,300K
= 2.66

The fixed asset turnover ratio measures the efficiency of a company in generating sales revenue from its investment in fixed assets. A higher fixed asset turnover ratio indicates that the company is using its fixed assets more efficiently to generate sales.

Based on the data provided for Spire Inc over the past few quarters, we observe fluctuations in the fixed asset turnover ratio. The ratio has been above 3 for most quarters, indicating that Spire Inc is effectively utilizing its fixed assets to generate sales revenue.

In the most recent quarter, the fixed asset turnover ratio was 2.66, which is slightly lower compared to the previous quarters. This may be attributed to changes in sales revenue and the value of fixed assets during the period.

Overall, Spire Inc has shown a generally healthy performance in terms of fixed asset turnover, with the ratio consistently above 3 in recent quarters. This suggests that the company is efficiently managing its fixed assets to generate sales revenue. It is important for Spire Inc to continue monitoring and optimizing its fixed asset utilization to maintain a strong performance in the future.