Standex International Corporation (SXI)
Fixed asset turnover
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 718,614 | 725,709 | 793,464 | 802,306 | 797,947 | 794,463 | 737,484 | 735,444 | 729,921 | 721,675 | 689,907 | 660,406 | 636,318 | 603,067 | 633,831 | 669,734 | 716,376 | 783,267 | 813,001 | 841,914 |
| Property, plant and equipment | US$ in thousands | 134,963 | 135,003 | 132,599 | 129,234 | 130,937 | 130,638 | 129,960 | 124,792 | 128,584 | 128,181 | 129,242 | 131,813 | 133,373 | 129,725 | 135,733 | 132,016 | 132,533 | 134,171 | 146,245 | 147,408 |
| Fixed asset turnover | 5.32 | 5.38 | 5.98 | 6.21 | 6.09 | 6.08 | 5.67 | 5.89 | 5.68 | 5.63 | 5.34 | 5.01 | 4.77 | 4.65 | 4.67 | 5.07 | 5.41 | 5.84 | 5.56 | 5.71 |
June 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $718,614K ÷ $134,963K
= 5.32
The fixed asset turnover ratio for Standex International Corporation has shown a fluctuating trend over the past several quarters. The ratio has ranged from a low of 4.65 to a high of 6.21, indicating variations in how efficiently the company is generating sales from its investment in fixed assets.
On average, Standex International Corporation has achieved a fixed asset turnover ratio of approximately 5.61 over the period analyzed. This implies that, on average, the company generates $5.61 in sales for every dollar invested in fixed assets.
A generally higher fixed asset turnover ratio suggests that Standex International Corporation is effectively utilizing its fixed assets to generate revenue. However, the fluctuations observed in the ratio may indicate changing business conditions that could impact the company's operational efficiency and asset utilization strategies.
It would be beneficial for Standex International Corporation to investigate the reasons behind these fluctuations in the fixed asset turnover ratio and consider implementing measures to maintain or improve efficiency in utilizing its fixed assets to drive sales and profitability.
Peer comparison
Jun 30, 2024