AGCO Corporation (AGCO)
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 | 11,059,700 | 12,580,600 | 13,431,300 | 14,001,600 | 14,407,800 | 18,393,300 | 21,184,200 | 23,251,800 | 25,289,800 | 23,806,900 | 23,015,000 | 22,886,900 | 22,269,900 | 21,391,700 | 20,934,100 | 19,185,200 | 18,284,400 | 12,873,900 | 12,094,900 | 12,926,600 |
| Property, plant and equipment | US$ in thousands | 1,812,500 | 1,880,600 | 1,802,100 | 1,886,700 | 1,914,400 | 1,750,400 | 1,738,600 | 1,668,700 | 1,591,200 | 1,419,400 | 1,405,600 | 1,463,600 | 1,464,800 | 1,460,900 | 1,474,600 | 1,448,300 | 1,508,500 | 1,413,700 | 1,363,600 | 1,350,500 |
| Fixed asset turnover | 6.10 | 6.69 | 7.45 | 7.42 | 7.53 | 10.51 | 12.18 | 13.93 | 15.89 | 16.77 | 16.37 | 15.64 | 15.20 | 14.64 | 14.20 | 13.25 | 12.12 | 9.11 | 8.87 | 9.57 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $11,059,700K ÷ $1,812,500K
= 6.10
AGCO Corporation's fixed asset turnover has shown a generally increasing trend from March 31, 2020, to September 30, 2022, indicating the company's ability to generate revenue from its fixed assets. The ratio increased from 9.57 on March 31, 2020, to 16.77 on September 30, 2022. This suggests that AGCO effectively utilized its fixed assets to generate sales during this period.
However, the fixed asset turnover started declining from December 31, 2022, reaching as low as 6.10 on December 31, 2024. This downward trend could indicate potential inefficiencies in utilizing fixed assets to generate revenue, which may require further investigation by management.
Overall, the analysis of AGCO Corporation's fixed asset turnover reveals fluctuations in the company's ability to generate sales from its fixed assets over time. Monitoring this ratio closely can provide insights into the company's operational efficiency and asset utilization.
Peer comparison
Dec 31, 2024