Tyson Foods Inc (TSN)
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 | 52,940,000 | 52,881,000 | 53,270,000 | 53,625,000 | 53,609,000 | 53,282,000 | 52,356,000 | 51,339,000 | 49,522,000 | 47,049,000 | 45,698,000 | 43,242,000 | 42,830,000 | 43,185,000 | 42,609,000 | 43,472,000 | 43,027,000 | 42,405,000 | 41,520,000 | 40,686,000 |
| Property, plant and equipment | US$ in thousands | 9,672,000 | 9,634,000 | 9,612,000 | 9,351,000 | 9,120,000 | 8,685,000 | 8,393,000 | 8,193,000 | 8,012,000 | 7,837,000 | 7,725,000 | 7,661,000 | 7,664,000 | 7,596,000 | 7,515,000 | 7,464,000 | 7,384,000 | 7,282,000 | 7,271,000 | 7,085,000 |
| Fixed asset turnover | 5.47 | 5.49 | 5.54 | 5.73 | 5.88 | 6.13 | 6.24 | 6.27 | 6.18 | 6.00 | 5.92 | 5.64 | 5.59 | 5.69 | 5.67 | 5.82 | 5.83 | 5.82 | 5.71 | 5.74 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $52,940,000K ÷ $9,672,000K
= 5.47
The fixed asset turnover ratio for Tyson Foods Inc over the past several quarters has shown a generally stable trend. The ratio has ranged from a low of 5.47 in December 2023 to a high of 6.27 in March 2022. This ratio indicates how efficiently the company is using its fixed assets to generate sales. A higher fixed asset turnover ratio suggests that the company is effectively utilizing its fixed assets to generate revenue.
Overall, Tyson Foods Inc has maintained a relatively high fixed asset turnover ratio, typically above 5.5, indicating efficient asset utilization. The slight fluctuations in the ratio from quarter to quarter may be influenced by factors such as changes in sales volume, asset efficiency, or capital expenditures. It is essential for the company to continue monitoring and managing its fixed asset turnover to ensure optimal utilization and sustainable growth.
Peer comparison
Dec 31, 2023