Alamo Group Inc (ALG)
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 | 1,628,513 | 1,660,732 | 1,679,075 | 1,703,466 | 1,689,651 | 1,658,713 | 1,607,862 | 1,563,382 | 1,513,616 | 1,464,185 | 1,433,703 | 1,385,039 | 1,334,223 | 1,285,674 | 1,239,122 | 1,160,207 | 1,163,466 | 1,175,031 | 1,155,101 | 1,171,652 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 218,718 | 36,375 | 36,125 | 205,979 | 33,156 | 31,168 | 31,850 | 32,514 | 36,244 | 187,999 | 39,693 | 42,266 | 44,774 | 48,583 | 52,045 |
| Fixed asset turnover | — | — | — | — | — | 7.58 | 44.20 | 43.28 | 7.35 | 44.16 | 46.00 | 43.49 | 41.04 | 35.47 | 6.59 | 29.23 | 27.53 | 26.24 | 23.78 | 22.51 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,628,513K ÷ $—K
= —
The fixed asset turnover ratio measures the efficiency of a company in generating sales revenue from its investment in fixed assets. A higher fixed asset turnover ratio indicates that the company is utilizing its fixed assets more efficiently to generate sales.
Looking at the historical data for Alamo Group Inc's fixed asset turnover ratio from March 31, 2020, to December 31, 2023, we can observe fluctuations in the ratio over time. The ratio shows an increasing trend from March 31, 2020, to June 30, 2022, indicating improved efficiency in utilizing fixed assets to generate sales.
However, there are significant fluctuations in the ratio from September 30, 2022, to September 30, 2023, and a sharp decline in the ratio from December 31, 2023. These fluctuations may suggest changes in the company's operations, investments in fixed assets, or sales performance during those periods.
It is important to note that a fixed asset turnover ratio of 7.35 on December 31, 2022, and 7.58 on September 30, 2023, indicates a decline in the efficiency of generating sales from fixed assets compared to the earlier periods of higher ratios.
The absence of data for the fixed asset turnover ratio from December 31, 2023, to December 31, 2024, prevents further analysis of the company's recent performance in utilizing fixed assets efficiently. Monitoring the fixed asset turnover ratio consistently can provide valuable insights into Alamo Group Inc's operational efficiency and asset management practices.
Peer comparison
Dec 31, 2024