John Wiley & Sons (WLY)
Fixed asset turnover
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,870,880 | 1,983,820 | 2,059,930 | 1,931,900 | 1,810,000 |
| Property, plant and equipment | US$ in thousands | 192,438 | 247,149 | 271,572 | 282,270 | 298,005 |
| Fixed asset turnover | 9.72 | 8.03 | 7.59 | 6.84 | 6.07 |
April 30, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,870,880K ÷ $192,438K
= 9.72
The fixed asset turnover ratio for John Wiley & Sons has been consistently increasing over the past five years, indicating an improvement in the company's efficiency in generating sales revenue from its investment in fixed assets. The ratio has shown a positive trend, with values of 6.07 in 2020, increasing to 9.72 in 2024. This indicates that for every dollar invested in fixed assets, the company is generating higher levels of sales.
A higher fixed asset turnover ratio implies that John Wiley & Sons is utilizing its fixed assets more effectively to generate revenue, which could be attributed to better asset management, operational efficiency, or improved utilization of existing assets. This trend suggests that the company is becoming more efficient in its operations and capital allocation, potentially leading to improved profitability and shareholder value.
Overall, the increasing trend in fixed asset turnover is a positive signal for John Wiley & Sons, demonstrating the company's ability to maximize the productivity of its fixed assets and optimize its operational performance over the years.
Peer comparison
Apr 30, 2024