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 '2021', FIX's fixed asset turnover was 12.13, illustrating how efficiently fixed assets are generating revenue. Industry average for Engineering & Construction in '2021' stood at 4.43.
• In '2022', FIX's fixed asset turnover was 15.69, illustrating how efficiently fixed assets are generating revenue. The increase since '2021' reflects strengthening financial performance. Industry average for Engineering & Construction in '2022' stood at 3.72. Industry average declined by 0.71 from previous year.
• In '2023', FIX's fixed asset turnover was 15.12, illustrating how efficiently fixed assets are generating revenue. The decline from '2022' may indicate some operational or financial challenges. Industry average for Engineering & Construction in '2023' stood at 3.30. Industry average declined by 0.42 from previous year.
• In '2024', FIX's fixed asset turnover was 15.27, illustrating how efficiently fixed assets are generating revenue. The increase since '2023' reflects strengthening financial performance. Industry average for Engineering & Construction in '2024' stood at 3.80. Industry average increased by 0.50 compared to previous year.
Overall, FIX's fixed asset turnover has steadily improved 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.