Allegion PLC (ALLE)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,772,200 | 3,650,800 | 3,271,900 | 2,867,400 | 2,719,900 |
| Property, plant and equipment | US$ in thousands | — | — | 308,700 | 283,700 | 294,900 |
| Fixed asset turnover | — | — | 10.60 | 10.11 | 9.22 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,772,200K ÷ $—K
= —
The fixed asset turnover ratio for Allegion PLC has been improving steadily over the past few years. In 2020, the ratio was 9.22, indicating that the company generated $9.22 in sales for every dollar invested in fixed assets. By the end of 2021, the ratio had increased to 10.11, showing that the efficiency of utilizing fixed assets to generate revenue had improved.
This positive trend continued in 2022, with the fixed asset turnover ratio reaching 10.60, demonstrating further improvement in asset utilization. Unfortunately, there is no data available for 2023 and 2024, which limits our ability to assess the ongoing trend accurately.
Overall, the increasing trend in Allegion PLC's fixed asset turnover ratio suggests that the company has been effectively using its fixed assets to generate sales revenue, which is a positive indicator of operational efficiency and financial performance.