Allete Inc (ALE)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,529,800 | 1,879,800 | 1,570,700 | 1,419,200 | 1,169,100 |
| Property, plant and equipment | US$ in thousands | 5,181,500 | 5,013,400 | 5,004,000 | 5,087,500 | 4,840,800 |
| Fixed asset turnover | 0.30 | 0.37 | 0.31 | 0.28 | 0.24 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,529,800K ÷ $5,181,500K
= 0.30
The fixed asset turnover ratio for Allete Inc has shown a steady increase from 0.24 in December 31, 2020 to 0.30 in December 31, 2024. This indicates that the company has been able to generate more revenue from its fixed assets over the years. The ratio of 0.30 in December 31, 2024 suggests that for each dollar invested in fixed assets, the company is generating $0.30 in revenue. Overall, the increasing trend in fixed asset turnover is a positive indicator of the company's efficiency in utilizing its fixed assets to generate sales. It shows that Allete Inc is becoming more effective in generating revenue from its investment in fixed assets.
Peer comparison
Dec 31, 2024