Fast Track Ordinary Shares(Ftrk) Financials: Fixed Asset Turnover Compared To Industry Average, Plus Other Key Ratios
Growth Trend (Last 5 Years)
Growth - fixed asset turnover
This chart shows the historical trend of fixed asset turnover for FTRK compared to its industry average over the recent years.
Ratio Definition and Interpretation
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 '2023', FTRK's fixed asset turnover was 73.51, illustrating how efficiently fixed assets are generating revenue. Industry average for Oil & Gas Production in '2023' stood at 0.80.
• In '2024', FTRK's fixed asset turnover was 41.61, illustrating how efficiently fixed assets are generating revenue. The decline from '2023' may indicate some operational or financial challenges. Industry average for Oil & Gas Production in '2024' stood at 0.70. Industry average declined by 0.10 from previous year.
Overall, FTRK's fixed asset turnover has been volatile but showed a downward trend over the past 2 years.
Formula: Fixed Asset Turnover = Net Sales / Net Fixed Assets
Good Range: Ranges from 1 to 5 depending on asset intensity.