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', MSN's fixed asset turnover was 34.47, illustrating how efficiently fixed assets are generating revenue. Industry average for Consumer Electronics/Appliances in '2021' stood at 4.00.
• In '2022', MSN's fixed asset turnover was 26.34, illustrating how efficiently fixed assets are generating revenue. The decline from '2021' may indicate some operational or financial challenges. Industry average for Consumer Electronics/Appliances in '2022' stood at 3.92. Industry average declined by 0.08 from previous year.
• In '2023', MSN's fixed asset turnover was 23.57, illustrating how efficiently fixed assets are generating revenue. The decline from '2022' may indicate some operational or financial challenges. Industry average for Consumer Electronics/Appliances in '2023' stood at 4.07. Industry average increased by 0.15 compared to previous year.
• In '2024', MSN's fixed asset turnover was 31.33, illustrating how efficiently fixed assets are generating revenue. The increase since '2023' reflects strengthening financial performance. Industry average for Consumer Electronics/Appliances in '2024' stood at 4.85. Industry average increased by 0.77 compared to previous year.
Overall, MSN'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.