Tempur Sealy International Inc (TPX)
Fixed asset turnover
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,925,400 | 4,942,300 | 4,948,500 | 4,889,800 | 4,921,200 | 5,093,400 | 5,168,400 | 5,126,500 | 4,930,800 | 4,628,200 | 4,402,200 | 3,898,300 | 3,676,900 | 3,491,200 | 3,179,900 | 3,237,500 | 3,106,000 | 2,910,800 | 2,819,300 | 2,766,200 |
| Property, plant and equipment | US$ in thousands | 798,200 | 849,400 | 850,900 | 823,200 | 723,000 | 727,300 | 672,800 | 624,900 | 518,700 | 492,400 | 457,500 | 449,600 | 507,900 | 422,800 | 462,800 | 460,300 | 435,800 | 431,500 | 430,000 | 418,500 |
| Fixed asset turnover | 6.17 | 5.82 | 5.82 | 5.94 | 6.81 | 7.00 | 7.68 | 8.20 | 9.51 | 9.40 | 9.62 | 8.67 | 7.24 | 8.26 | 6.87 | 7.03 | 7.13 | 6.75 | 6.56 | 6.61 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,925,400K ÷ $798,200K
= 6.17
Tempur Sealy International Inc's fixed asset turnover has displayed a gradual decline from Q1 2022 to Q4 2023, illustrating a trend of decreasing efficiency in generating sales relative to its fixed assets. The ratio peaked at 8.20 in Q1 2022 and has since decreased to 5.61 in Q4 2023. This suggests that the company may not be utilizing its fixed assets as effectively to generate revenue. Further investigation into the company's operational efficiency and asset management practices could provide insights into the reasons behind this decreasing trend and potential strategies for improvement.
Peer comparison
Dec 31, 2023