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', KXIN's fixed asset turnover was 435.40, illustrating how efficiently fixed assets are generating revenue. Industry average for Retail-Auto Dealers and Gas Stations in '2021' stood at 5.52.
• In '2022', KXIN's fixed asset turnover was 156.30, illustrating how efficiently fixed assets are generating revenue. The decline from '2021' may indicate some operational or financial challenges. Industry average for Retail-Auto Dealers and Gas Stations in '2022' stood at 5.50. Industry average declined by 0.02 from previous year.
• In '2023', KXIN's fixed asset turnover was 49.70, illustrating how efficiently fixed assets are generating revenue. The decline from '2022' may indicate some operational or financial challenges. Industry average for Retail-Auto Dealers and Gas Stations in '2023' stood at 4.82. Industry average declined by 0.68 from previous year.
• In '2024', KXIN's fixed asset turnover was 0.00, illustrating how efficiently fixed assets are generating revenue. The decline from '2023' may indicate some operational or financial challenges. Industry average for Retail-Auto Dealers and Gas Stations in '2024' stood at 4.66. Industry average declined by 0.15 from previous year.
Overall, KXIN'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.