Standex International Corporation (SXI)

The fixed asset turnover ratio for Standex International Corporation over the period from June 30, 2021, to June 30, 2025, exhibits notable fluctuations. As of June 30, 2021, the ratio stood at 3.85, indicating that the company generated approximately $3.85 in sales for every dollar invested in fixed assets. This ratio improved markedly by June 30, 2022, reaching 4.38, which suggests enhanced efficiency in utilizing fixed assets to generate sales during that year. The upward trend continued into June 30, 2023, with the ratio escalating to 5.66, reflecting a further increase in asset utilization efficiency and potentially indicating better operational performance or strategic asset management.

However, subsequent data reveals a decline in this efficiency metric. As of June 30, 2024, the fixed asset turnover decreased to 4.19, signaling a reduction in the sales generated per dollar of fixed assets, which could be attributed to factors such as increased capital expenditures without proportional revenue growth, operational challenges, or shifts in the sales mix. For the reporting date of June 30, 2025, the ratio is no longer available, leaving the latest trend incomplete.

Overall, the pattern suggests that Standex International enhanced its fixed asset utilization significantly between mid-2021 and mid-2023, but experienced a decline thereafter in 2024. Additional context regarding the company’s investments, sales performance, and industry conditions would be necessary to fully interpret these movements.

Peer comparison

Jun 30, 2025