SunCoke Energy Inc (SXC)

Fixed asset turnover

		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	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	2,035,900	2,027,900	2,022,900	1,989,300	1,940,500	1,791,800	1,641,600	1,466,200	1,381,600	1,323,300	1,253,700	1,258,600	1,282,400	1,380,300	1,495,600	1,580,000	1,600,300	1,572,000	1,532,200	1,491,700
Property, plant and equipment	US$ in thousands	1,191,100	1,205,400	1,208,400	1,207,800	1,229,300	1,238,900	1,253,500	1,266,100	1,287,900	1,288,100	1,289,800	1,304,900	1,328,000	1,332,500	1,347,600	1,370,000	1,390,200	1,389,500	1,454,800	1,459,000
Fixed asset turnover		1.71	1.68	1.67	1.65	1.58	1.45	1.31	1.16	1.07	1.03	0.97	0.96	0.97	1.04	1.11	1.15	1.15	1.13	1.05	1.02

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,035,900K ÷ $1,191,100K
= 1.71

Fixed asset turnover is an important financial ratio that measures a company's ability to generate revenue from its investment in fixed assets. The ratio is calculated by dividing net sales by average fixed assets. In the case of SunCoke Energy Inc, the fixed asset turnover has been showing a consistent upward trend over the past eight quarters, increasing from 1.21 in Q1 2022 to 1.73 in Q4 2023.

This improvement signifies that the company is becoming more efficient in utilizing its fixed assets to generate sales. A higher fixed asset turnover ratio indicates that the company is generating more revenue per dollar invested in fixed assets. SunCoke Energy Inc's increasing fixed asset turnover suggests that the company is effectively managing its fixed assets and operational activities to drive revenue growth.

Overall, the trend in SunCoke Energy Inc's fixed asset turnover reflects positively on the company's operational efficiency and financial performance, indicating improved utilization of fixed assets to generate sales over the analyzed period.