Triumph Group Inc (TGI)
Fixed asset turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,192,040 | 1,130,560 | 1,459,940 | 1,869,720 | 2,900,120 |
| Property, plant and equipment | US$ in thousands | 144,287 | 138,622 | 169,050 | 211,369 | 418,141 |
| Fixed asset turnover | 8.26 | 8.16 | 8.64 | 8.85 | 6.94 |
March 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,192,040K ÷ $144,287K
= 8.26
Fixed asset turnover is a measure of how efficiently Triumph Group Inc is utilizing its fixed assets to generate revenue. The trend in fixed asset turnover over the past five years has been relatively stable, fluctuating between 6.94 and 8.85.
The higher the fixed asset turnover ratio, the better, as it indicates that the company is generating more revenue per dollar invested in fixed assets. Triumph Group Inc's fixed asset turnover has remained consistently high, ranging from 8.16 to 8.85, which suggests that the company has been effectively using its fixed assets to generate sales over the years.
Overall, Triumph Group Inc's fixed asset turnover performance indicates efficient utilization of its fixed assets to generate revenue, reflecting positively on the company's operational efficiency and asset management capabilities.
Peer comparison
Mar 31, 2024