Allete Inc (ALE)
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 | 1,529,800 | 1,567,700 | 1,539,300 | 1,718,200 | 1,879,800 | 1,902,900 | 1,912,400 | 1,752,100 | 1,570,700 | 1,543,900 | 1,501,000 | 1,463,500 | 1,419,200 | 1,340,600 | 1,289,100 | 1,196,700 | 1,169,100 | 1,153,300 | 1,147,700 | 1,194,900 |
| Property, plant and equipment | US$ in thousands | 5,181,500 | 5,112,800 | 5,079,500 | 5,009,100 | 5,013,400 | 4,996,800 | 4,973,900 | 4,979,300 | 5,004,000 | 5,011,000 | 5,027,100 | 5,078,300 | 5,087,500 | 5,053,100 | 5,021,600 | 4,930,600 | 4,840,800 | 4,697,500 | 4,644,500 | 4,496,300 |
| Fixed asset turnover | 0.30 | 0.31 | 0.30 | 0.34 | 0.37 | 0.38 | 0.38 | 0.35 | 0.31 | 0.31 | 0.30 | 0.29 | 0.28 | 0.27 | 0.26 | 0.24 | 0.24 | 0.25 | 0.25 | 0.27 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,529,800K ÷ $5,181,500K
= 0.30
The fixed asset turnover ratio for Allete Inc has shown a fluctuating trend over the given time period. Starting at 0.27 in March 31, 2020, the ratio decreased to 0.24 by December 31, 2020, before gradually increasing to 0.31 by September 30, 2022. This uptrend continued, reaching a peak of 0.38 by June 30, 2023, but slightly decreased to 0.30 by December 31, 2024.
Overall, the increasing trend in the fixed asset turnover ratio indicates that Allete Inc has become more efficient in generating sales revenue from its fixed assets over time. However, the slight decline towards the end of the period may warrant further investigation to understand any underlying factors influencing this ratio.
Peer comparison
Dec 31, 2024