Standex International Corporation (SXI)
Fixed asset turnover
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 790,107 | 748,252 | 717,739 | 706,325 | 720,635 | 728,768 | 735,833 | 745,222 | 741,048 | 737,460 | 742,409 | 740,329 | 735,339 | 727,035 | 709,970 | 680,544 | 656,220 | 619,171 | 602,429 | 636,731 |
| Property, plant and equipment | US$ in thousands | — | 189,980 | 177,600 | 174,501 | — | — | — | 164,543 | 130,937 | 130,638 | 129,960 | 124,792 | 167,703 | 128,181 | 167,061 | 131,813 | 170,649 | 129,725 | 135,733 | 132,016 |
| Fixed asset turnover | — | 3.94 | 4.04 | 4.05 | — | — | — | 4.53 | 5.66 | 5.65 | 5.71 | 5.93 | 4.38 | 5.67 | 4.25 | 5.16 | 3.85 | 4.77 | 4.44 | 4.82 |
June 30, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $790,107K ÷ $—K
= —
The fixed asset turnover for Standex International Corporation demonstrates notable fluctuations over the analyzed period. In fiscal year 2020, the ratio ranged from 4.44 to 4.82, indicating a relatively stable efficiency in utilizing fixed assets to generate sales. The ratio experienced a slight decline towards the end of 2020, reaching 4.44 in December, which may suggest a temporary reduction in sales efficiency or an increase in fixed assets relative to sales.
Throughout 2021, the ratio showed periodic variability, with a low of 3.85 in June and a peak of 5.16 in September, reflecting fluctuations that could be attributed to seasonal patterns, investment activities, or operational shifts. The subsequent quarters of 2022 depicted a generally positive trend, with the ratio rising to a high of 5.93 in September, implying enhanced utilization of fixed assets to generate sales.
In 2023, the fixed asset turnover remained relatively stable, maintaining ratios around the mid-5 range, with a slight decrease to 4.53 in September. This stabilization may suggest the company's sustained efficiency in asset utilization, although the decrease could reflect temporary operational adjustments or changes in sales volume.
The most recent data points in 2024 show further stabilization, with ratios of 4.04 in December and 3.94 in March, indicating a slight decline but still within a reasonable range of historical levels. The projected ratios for mid-2024 and mid-2025 suggest a potential continued moderate decline, with ratios around 4.05 and 3.94, respectively.
Overall, the fixed asset turnover indicates periods of both increased efficiency and relative declines, with fluctuations likely influenced by the company's investment, expansion, or operational strategies, as well as seasonal or cyclical factors affecting sales relative to fixed assets. The trend suggests that while the firm maintains a generally efficient use of its fixed assets, there are periods where capacity utilization may be temporarily less optimal.
Peer comparison
Jun 30, 2025