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', MNSO's fixed asset turnover was 10.08, illustrating how efficiently fixed assets are generating revenue. Industry average for Department/Specialty Retail Stores in '2021' stood at 5.83.
• In '2022', MNSO's fixed asset turnover was 9.55, illustrating how efficiently fixed assets are generating revenue. The decline from '2021' may indicate some operational or financial challenges. Industry average for Department/Specialty Retail Stores in '2022' stood at 4.19. Industry average declined by 1.64 from previous year.
• In '2023', MNSO's fixed asset turnover was 8.85, illustrating how efficiently fixed assets are generating revenue. The decline from '2022' may indicate some operational or financial challenges. Industry average for Department/Specialty Retail Stores in '2023' stood at 4.13. Industry average declined by 0.06 from previous year.
• In '2024', MNSO's fixed asset turnover was 6.35, illustrating how efficiently fixed assets are generating revenue. The decline from '2023' may indicate some operational or financial challenges. Industry average for Department/Specialty Retail Stores in '2024' stood at 3.91. Industry average declined by 0.22 from previous year.
Overall, MNSO'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.