Tootsie Roll Industries Inc (TR)
Fixed asset turnover
| 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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 723,217 | 731,326 | 753,728 | 761,829 | 769,365 | 756,064 | 719,616 | 704,219 | 682,799 | 661,217 | 632,419 | 603,539 | 566,043 | 528,309 | 503,016 | 468,252 | 103,169,457 | 103,175,256 | 103,199,372 | 103,226,528 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 217,421 | 214,321 | 211,944 | 212,043 | 210,846 | 212,130 | 210,133 | 208,906 | 206,326 | 198,208 | 187,573 | 187,328 | 184,918 | 184,221 | 185,958 |
| Fixed asset turnover | — | — | — | — | — | 3.48 | 3.36 | 3.32 | 3.22 | 3.14 | 2.98 | 2.87 | 2.71 | 2.56 | 2.54 | 2.50 | 550.74 | 557.95 | 560.19 | 555.11 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $723,217K ÷ $—K
= —
Tootsie Roll Industries Inc's fixed asset turnover ratio has shown an increasing trend over the period from March 31, 2020, to December 31, 2023. The ratio increased steadily from 555.11 on March 31, 2020, to 3.48 on September 30, 2023. This suggests that the company has been more efficient in utilizing its fixed assets to generate revenue during this period.
However, starting from March 31, 2024, the data is missing, indicating a lack of information for the most recent periods. It is important for stakeholders to consider the factors contributing to this increase in fixed asset turnover to evaluate the overall efficiency and effectiveness of Tootsie Roll Industries Inc's asset management strategy.
Peer comparison
Dec 31, 2024