AAON Inc (AAON)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,200,635 | 1,209,555 | 1,194,273 | 1,164,664 | 1,168,518 | 1,116,478 | 1,047,113 | 971,970 | 888,788 | 770,472 | 666,438 | 601,500 | 534,517 | 514,935 | 511,136 | 492,856 | 514,551 | 520,425 | 499,153 | 492,994 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 347,396 | 324,566 | 311,868 | 296,454 | 298,350 | 266,370 | 275,036 | 240,581 | 241,236 | 232,648 | 223,340 | 208,878 | 204,428 | 193,029 |
| Fixed asset turnover | — | — | — | — | — | — | 3.01 | 2.99 | 2.85 | 2.60 | 2.23 | 2.26 | 1.94 | 2.14 | 2.12 | 2.12 | 2.30 | 2.49 | 2.44 | 2.55 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,200,635K ÷ $—K
= —
The fixed asset turnover ratio of AAON Inc has shown fluctuations over the years based on the provided data. The ratio measures the efficiency of the company in generating sales revenue from its investment in fixed assets.
From March 31, 2020, to December 31, 2021, the fixed asset turnover gradually declined from 2.55 to 1.94. This indicates a decrease in the company's ability to generate sales from its fixed assets during this period.
However, from March 31, 2022, to June 30, 2023, there was a slight recovery in the ratio, reaching a peak of 3.01 on June 30, 2023. This improvement suggests that AAON Inc was able to increase its sales relative to its investment in fixed assets during this period.
The absence of data for the later periods, from September 30, 2023, onwards, makes it challenging to provide a complete analysis of the fixed asset turnover trend. It would be valuable to have additional data to understand if the recovery observed in the previous period was sustained or not.
In conclusion, the fluctuation in AAON Inc's fixed asset turnover ratio indicates changes in the company's efficiency in using its fixed assets to generate sales. It is essential for investors and stakeholders to monitor this ratio over time to assess the company's operational performance and asset utilization efficiency.
Peer comparison
Dec 31, 2024