Advanced Drainage Systems Inc (WMS)
Fixed asset turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,904,240 | 2,874,470 | 3,071,120 | 2,769,320 | 1,982,780 |
| Property, plant and equipment | US$ in thousands | — | — | 783,812 | 619,383 | 504,275 |
| Fixed asset turnover | — | — | 3.92 | 4.47 | 3.93 |
March 31, 2025 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,904,240K ÷ $—K
= —
The fixed asset turnover ratio for Advanced Drainage Systems Inc has shown fluctuations over the years.
As of March 31, 2021, the fixed asset turnover was 3.93, indicating that the company generated $3.93 in sales for every dollar invested in fixed assets. This suggests efficient utilization of fixed assets to generate revenue.
By March 31, 2022, the fixed asset turnover ratio improved to 4.47, reflecting an increase in the efficiency of utilizing fixed assets to generate sales.
However, by March 31, 2023, the fixed asset turnover ratio decreased to 3.92, signaling a slight decline in the efficiency of generating sales from fixed assets compared to the previous year.
Unfortunately, data for March 31, 2024, and March 31, 2025, are not available.
Overall, Advanced Drainage Systems Inc's fixed asset turnover has shown mixed trends, with periods of improvement and slight decline, which could indicate varying efficiency in utilizing fixed assets to generate revenue. Further analysis would be necessary to understand the reasons behind these fluctuations and their impact on the company's overall performance.