Standex International Corporation (SXI)
Fixed asset turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 720,909 | 797,947 | 729,921 | 636,329 | 604,535 |
| Property, plant and equipment | US$ in thousands | 134,963 | 130,937 | 128,584 | 133,373 | 132,533 |
| Fixed asset turnover | 5.34 | 6.09 | 5.68 | 4.77 | 4.56 |
June 30, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $720,909K ÷ $134,963K
= 5.34
The fixed asset turnover ratio for Standex International Corporation has displayed a generally increasing trend over the past five years, indicating improved efficiency in generating sales from its investment in fixed assets. The ratio stood at 4.56 in June 2020 and has progressively increased to 6.09 in June 2023 before slightly decreasing to 5.34 in June 2024.
A high fixed asset turnover ratio signifies that the company is effectively utilizing its fixed assets to generate revenue. Standex International Corporation's ratios ranging from 4.56 to 6.09 suggest that the company has been efficiently leveraging its fixed assets over the years to generate sales. However, the slight decrease in the ratio from 2023 to 2024 may indicate a potential decline in efficiency in utilizing fixed assets to generate revenue.
Overall, Standex International Corporation's fixed asset turnover ratio indicates a positive trend in asset utilization efficiency, albeit with a slight recent decline. Further analysis and comparison with industry benchmarks could provide deeper insights into the company's performance in this aspect.
Peer comparison
Jun 30, 2024