Ufp Industries Inc (UFPI)
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 | 6,652,310 | 6,714,660 | 6,892,920 | 7,034,880 | 7,218,390 | 7,607,740 | 8,102,960 | 8,959,910 | 9,626,740 | 9,729,840 | 9,500,760 | 9,300,430 | 8,636,120 | 8,013,030 | 7,405,480 | 5,946,940 | 5,154,000 | 4,758,331 | 4,435,131 | 4,432,951 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 718,014 | 700,155 | 688,982 | 644,007 | 625,164 | 600,879 | 589,020 | 552,911 | 533,187 | 488,367 | 417,162 | 405,995 | 401,576 | 397,575 |
| Fixed asset turnover | — | — | — | — | — | — | 11.29 | 12.80 | 13.97 | 15.11 | 15.20 | 15.48 | 14.66 | 14.49 | 13.89 | 12.18 | 12.35 | 11.72 | 11.04 | 11.15 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $6,652,310K ÷ $—K
= —
Ufp Industries Inc's fixed asset turnover has shown a generally increasing trend over the past few years. The ratio has improved from 11.15 in March 2020 to 15.20 in June 2022, indicating that the company is generating more revenue from its fixed assets.
However, there was a slight decrease in the fixed asset turnover ratio from June 2022 to September 2022 (15.20 to 15.11), which suggests a potential slowdown in the company's efficiency in utilizing its fixed assets to generate sales.
Subsequently, the fixed asset turnover ratio decreased further to 13.97 by December 2022, demonstrating a significant drop in the company's ability to generate sales from its fixed assets.
In the latest available data point, as of March 2023, the fixed asset turnover ratio stands at 12.80, indicating a continued decline. It is important for Ufp Industries Inc to closely monitor and analyze its fixed asset utilization to ensure efficiency and profitability in the future.