Name: Fixed Asset Turnover

Definition: Fixed asset turnover shows how well the company’s long-term physical assets — factories, equipment, property — are being used to generate sales. A high ratio means the company’s facilities are productive and efficient. A low ratio might signal underused assets or over-investment in equipment that isn’t driving enough sales.

Interpretation:
• In '2020', ADN's fixed asset turnover was 4.44, illustrating how efficiently fixed assets are generating revenue. Industry average for Industrial Machinery/Components in '2020' stood at 3.65.
• In '2021', ADN's fixed asset turnover was 1.61, illustrating how efficiently fixed assets are generating revenue. The decline from '2020' may indicate some operational or financial challenges. Industry average for Industrial Machinery/Components in '2021' stood at 4.02. Industry average increased by 0.37 compared to previous year.
• In '2022', ADN's fixed asset turnover was 0.51, illustrating how efficiently fixed assets are generating revenue. The decline from '2021' may indicate some operational or financial challenges. Industry average for Industrial Machinery/Components in '2022' stood at 4.02. Industry average declined by 0.00 from previous year.
• In '2023', ADN's fixed asset turnover was 0.21, illustrating how efficiently fixed assets are generating revenue. The decline from '2022' may indicate some operational or financial challenges. Industry average for Industrial Machinery/Components in '2023' stood at 3.94. Industry average declined by 0.08 from previous year.
Overall, ADN's fixed asset turnover has been volatile but showed a downward trend over the past 4 years.

Formula: Fixed Asset Turnover = Net Sales / Net Fixed Assets

Good Range: Ranges from 1 to 5 depending on asset intensity.