Advanced Energy Industries Inc (AEIS)
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 | 1,482,042 | 1,471,910 | 1,507,684 | 1,558,245 | 1,655,810 | 1,741,279 | 1,847,562 | 1,873,003 | 1,845,422 | 1,751,612 | 1,581,431 | 1,501,793 | 1,455,954 | 1,429,993 | 1,473,421 | 1,451,990 | 1,415,826 | 1,383,125 | 1,168,731 | 963,661 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 159,025 | 152,762 | 148,462 | 136,502 | 126,793 | 117,287 | 216,599 | 114,801 | 216,579 | 112,842 | 114,731 | 109,975 | 107,554 | 105,592 |
| Fixed asset turnover | — | — | — | — | — | — | 11.62 | 12.26 | 12.43 | 12.83 | 12.47 | 12.80 | 6.72 | 12.46 | 6.80 | 12.87 | 12.34 | 12.58 | 10.87 | 9.13 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,482,042K ÷ $—K
= —
The fixed asset turnover ratio for Advanced Energy Industries Inc has shown fluctuating trends over the period. The ratio was 9.13 as of March 31, 2020, and increased steadily to 12.87 by March 31, 2021, indicating an efficient utilization of fixed assets to generate sales. However, there was a significant drop in the ratio to 6.80 by June 30, 2021, which could indicate a decline in the efficiency of using fixed assets to generate revenue.
The ratio improved again in the following quarters, reaching a peak of 12.83 by September 30, 2022. This suggests a return to a more efficient use of fixed assets to generate sales. Subsequently, the ratio fluctuated slightly but remained relatively stable, ranging from 11.62 to 12.80 through March 31, 2023, indicating a consistent level of effectiveness in utilizing fixed assets for revenue generation.
However, starting from September 30, 2023, the data for the fixed asset turnover ratio is not available ("—"), which makes it challenging to evaluate the trend beyond that point. It is important for the company to maintain a stable and healthy fixed asset turnover ratio to ensure optimal utilization of its assets and maximize profitability.
Peer comparison
Dec 31, 2024