Triumph Group Inc (TGI)
Fixed asset turnover
| 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 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,192,043 | 1,158,914 | 1,135,621 | 1,158,543 | 1,244,104 | 1,305,297 | 1,362,884 | 1,412,680 | 1,459,942 | 1,540,124 | 1,646,869 | 1,771,288 | 1,869,719 | 2,095,996 | 2,374,668 | 2,664,963 | 2,900,117 | 3,076,034 | 3,179,263 | 3,262,261 |
| Property, plant and equipment | US$ in thousands | 144,287 | 141,583 | 166,600 | 168,437 | 138,622 | 162,278 | 160,862 | 165,670 | 169,050 | 178,663 | 179,079 | 204,907 | 211,369 | 356,107 | 360,949 | 370,820 | 418,141 | 433,475 | 502,990 | 515,212 |
| Fixed asset turnover | 8.26 | 8.19 | 6.82 | 6.88 | 8.97 | 8.04 | 8.47 | 8.53 | 8.64 | 8.62 | 9.20 | 8.64 | 8.85 | 5.89 | 6.58 | 7.19 | 6.94 | 7.10 | 6.32 | 6.33 |
March 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,192,043K ÷ $144,287K
= 8.26
Triumph Group Inc's fixed asset turnover has been relatively stable over the past 20 quarters, ranging from a low of 5.89 to a high of 9.20. The trend shows that the company is efficiently utilizing its fixed assets to generate revenue. A higher fixed asset turnover ratio indicates that the company is generating more revenue per dollar of fixed assets, which is a positive sign of operational efficiency. Although there are slight fluctuations in the ratio, overall, Triumph Group Inc appears to be effectively managing its fixed assets to support its revenue generation activities.
Peer comparison
Mar 31, 2024