Universal Corporation (UVV)
Fixed asset turnover
| 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 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,391,810 | 5,245,610 | 5,193,930 | 5,223,710 | 5,060,650 | 4,996,660 | 4,718,680 | 4,329,760 | 4,169,502 | 4,102,022 | 4,143,322 | 3,990,997 | 3,926,771 | 3,349,125 | 3,014,895 | 3,213,146 | 3,175,164 | 3,214,793 | 3,477,373 | 3,605,287 |
| Property, plant and equipment | US$ in thousands | 365,880 | 360,430 | 356,608 | 356,947 | 351,162 | 345,994 | 340,748 | 345,100 | 345,118 | 347,856 | 335,464 | 351,647 | 349,510 | 331,802 | 321,272 | 315,679 | 315,153 | 295,231 | 295,431 | 299,425 |
| Fixed asset turnover | 14.74 | 14.55 | 14.56 | 14.63 | 14.41 | 14.44 | 13.85 | 12.55 | 12.08 | 11.79 | 12.35 | 11.35 | 11.24 | 10.09 | 9.38 | 10.18 | 10.07 | 10.89 | 11.77 | 12.04 |
March 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,391,810K ÷ $365,880K
= 14.74
The fixed asset turnover ratio of Universal Corporation has been trending upwards over the past several quarters, indicating that the company is generating more revenue relative to its investment in fixed assets. The ratio has consistently remained above 10, with a notable increase from 9.38 in September 2020 to 14.74 in March 2024.
This improvement suggests that Universal Corporation has been able to efficiently utilize its fixed assets to generate sales, resulting in higher productivity and potentially better profitability. A high fixed asset turnover ratio generally indicates effective asset management and operational efficiency within the company.
Overall, the increasing trend in fixed asset turnover for Universal Corporation reflects positively on the company's ability to generate revenue from its investment in fixed assets, signaling a potentially strong operational performance.
Peer comparison
Mar 31, 2024