Mint Incorporation Ordinary Shares(Mimi) 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 MIMI 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 '2022', MIMI's fixed asset turnover was 888.87, illustrating how efficiently fixed assets are generating revenue. Industry average for nan in '2022' stood at 1.95.
• In '2023', MIMI's fixed asset turnover was 717.71, illustrating how efficiently fixed assets are generating revenue. The decline from '2022' may indicate some operational or financial challenges. Industry average for nan in '2023' stood at 2.09. Industry average increased by 0.14 compared to previous year.
• In '2024', MIMI's fixed asset turnover was 156.88, illustrating how efficiently fixed assets are generating revenue. The decline from '2023' may indicate some operational or financial challenges. Industry average for nan in '2024' stood at 2.53. Industry average increased by 0.43 compared to previous year.
Overall, MIMI's fixed asset turnover has been volatile but showed a downward trend over the past 3 years.
Formula: Fixed Asset Turnover = Net Sales / Net Fixed Assets
Good Range: Ranges from 1 to 5 depending on asset intensity.