Advanced Energy Industries Inc (AEIS)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,482,040 | 1,655,810 | 1,845,420 | 1,455,950 | 1,415,830 |
| Property, plant and equipment | US$ in thousands | — | — | 148,462 | 216,599 | 114,731 |
| Fixed asset turnover | — | — | 12.43 | 6.72 | 12.34 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,482,040K ÷ $—K
= —
The fixed asset turnover ratio measures the efficiency of a company in generating sales revenue from its investments in fixed assets.
For Advanced Energy Industries Inc, the fixed asset turnover has shown fluctuation over the years. In 2020, the ratio was 12.34, indicating that the company generated $12.34 in sales for every $1 invested in fixed assets. However, this ratio decreased to 6.72 in 2021, which suggests a decline in the efficiency of utilizing fixed assets to generate revenue.
In 2022, the fixed asset turnover ratio increased to 12.43, indicating an improvement in efficiency compared to the previous year. Unfortunately, the data for 2023 and 2024 is not available, as indicated by the "—".
Overall, fluctuations in the fixed asset turnover ratio for Advanced Energy Industries Inc may indicate changes in the company's operational efficiency and utilization of fixed assets to generate sales revenue. It would be important to monitor future performance to better understand the trend in asset turnover and its implications for the company's financial performance.
Peer comparison
Dec 31, 2024