Alamo Group Inc (ALG)
Fixed asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,689,163 | 1,650,337 | 1,602,481 | 1,561,649 | 1,513,482 | 1,458,602 | 1,429,194 | 1,380,865 | 1,330,676 | 1,290,046 | 1,242,693 | 1,162,691 | 1,163,174 | 1,167,345 | 1,149,039 | 1,167,596 | 1,118,586 | 1,073,880 | 1,060,061 | 1,032,438 |
| Property, plant and equipment | US$ in thousands | 166,660 | 164,519 | 163,434 | 158,388 | 155,007 | 153,062 | 153,907 | 151,684 | 152,491 | 147,790 | 149,380 | 152,787 | 155,314 | 155,067 | 156,002 | 156,151 | 160,466 | 106,939 | 105,467 | 101,737 |
| Fixed asset turnover | 10.14 | 10.03 | 9.81 | 9.86 | 9.76 | 9.53 | 9.29 | 9.10 | 8.73 | 8.73 | 8.32 | 7.61 | 7.49 | 7.53 | 7.37 | 7.48 | 6.97 | 10.04 | 10.05 | 10.15 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,689,163K ÷ $166,660K
= 10.14
The fixed asset turnover ratio for Alamo Group Inc. has been relatively stable over the past eight quarters, ranging from 7.55 to 8.21. This indicates that the company is efficiently utilizing its fixed assets to generate revenue. A higher fixed asset turnover ratio suggests that the company is generating more revenue per dollar of fixed assets, which is a positive sign of operational efficiency. Alamo Group Inc. has consistently shown a strong performance in terms of generating revenue from its fixed assets. This steady trend in fixed asset turnover could indicate effective management of assets and operational activities.
Peer comparison
Dec 31, 2023