Advanced Energy Industries Inc (AEIS)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,638,800 | 1,842,780 | 1,450,490 | 1,409,450 | 801,389 |
| Property, plant and equipment | US$ in thousands | 167,665 | 148,462 | 114,830 | 114,731 | 108,109 |
| Fixed asset turnover | 9.77 | 12.41 | 12.63 | 12.28 | 7.41 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,638,800K ÷ $167,665K
= 9.77
Advanced Energy Industries Inc. has displayed a consistent trend in its fixed asset turnover ratio over the past five years. The ratio has fluctuated within a relatively narrow range, with values ranging from 7.30 to 12.68. These figures indicate the company's ability to generate sales revenue relative to its investment in fixed assets.
The highest fixed asset turnover was observed in 2021 at 12.68, suggesting that the company was able to efficiently utilize its fixed assets to generate sales during that year. However, there was a slight decline in subsequent years, with the ratio decreasing to 12.43 in 2022 and further to 9.88 in 2023.
Overall, the fixed asset turnover ratio for Advanced Energy Industries Inc. remains relatively high, indicating that the company effectively leverages its fixed assets to generate revenue. The slight fluctuation in recent years may reflect changes in the company's operational efficiency or strategy. Further analysis of the company's financial performance and operational activities could provide additional insights into the factors influencing the fixed asset turnover ratio.
Peer comparison
Dec 31, 2023