Tyson Foods Inc (TSN)
Fixed asset turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 53,309,000 | 53,092,000 | 52,879,000 | 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 |
| Property, plant and equipment | US$ in thousands | 9,442,000 | 9,368,000 | 9,593,000 | 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 |
| Fixed asset turnover | 5.65 | 5.67 | 5.51 | 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 |
September 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $53,309,000K ÷ $9,442,000K
= 5.65
Tyson Foods Inc's fixed asset turnover has shown a generally stable trend over the provided period, fluctuating within the range of 5.47 to 6.27. The ratio measures how effectively the company is utilizing its fixed assets to generate revenue, with a higher ratio indicating better efficiency.
The highest fixed asset turnover was observed in the first quarter of 2022 at 6.27, reflecting strong revenue generation relative to its investment in fixed assets. This could suggest that Tyson Foods Inc has been successful in maximizing the productivity of its assets during that period.
Conversely, the lowest fixed asset turnover was seen in the fourth quarter of 2019 at 5.47. Despite this dip, the company has generally maintained a solid fixed asset turnover performance, consistently above 5.
Overall, Tyson Foods Inc's fixed asset turnover indicates a relatively efficient utilization of its fixed assets for revenue generation over the analyzed period. It is important for the company to monitor this ratio to ensure ongoing optimal asset utilization and operational efficiency.
Peer comparison
Sep 30, 2024