Vestis Corporation (VSTS)
Fixed asset turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,842,513 | 2,825,286 | 2,792,558 | 2,762,895 | |||
| Property, plant and equipment | US$ in thousands | — | 722,421 | 713,009 | 716,003 | 716,003 | — | — |
| Fixed asset turnover | — | 3.91 | 3.92 | 3.86 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,842,513K ÷ $—K
= —
The fixed asset turnover ratio for Vestis Corporation has shown consistency and stability over the past four quarters, ranging between 3.86 and 3.92. This indicates that, on average, the company generates approximately $3.86 to $3.92 in revenue for every dollar invested in fixed assets. A fixed asset turnover ratio above 1 suggests efficient utilization of fixed assets to generate sales. Vestis Corporation's consistent fixed asset turnover ratio implies that the company has been effectively managing its fixed assets to generate revenue over the analyzed period.
Peer comparison
Dec 31, 2023
Company name
Symbol
Fixed asset turnover
Vestis Corporation
VSTS
—
Central Garden & Pet Company
CENT
8.52
Central Garden & Pet Company A
CENTA
8.52