Allegion PLC (ALLE)
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 | 3,772,200 | 3,724,000 | 3,674,800 | 3,621,700 | 3,650,800 | 3,614,900 | 3,610,700 | 3,471,300 | 3,271,900 | 3,119,600 | 2,922,900 | 2,896,700 | 2,867,400 | 2,885,500 | 2,896,900 | 2,739,500 | 2,719,900 | 2,712,100 | 2,732,000 | 2,873,700 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 474,200 | 329,100 | 319,600 | 308,700 | 290,700 | 278,000 | 280,800 | 283,700 | 368,400 | 374,300 | 285,700 | 294,900 | 293,700 | 292,500 | 289,200 |
| Fixed asset turnover | — | — | — | — | — | 7.62 | 10.97 | 10.86 | 10.60 | 10.73 | 10.51 | 10.32 | 10.11 | 7.83 | 7.74 | 9.59 | 9.22 | 9.23 | 9.34 | 9.94 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,772,200K ÷ $—K
= —
Allegion PLC's fixed asset turnover ratio, which measures the efficiency of the company's use of its fixed assets to generate sales, has displayed some fluctuations over the periods provided.
From March 31, 2020, to December 31, 2021, the fixed asset turnover ratio showed a relatively stable trend, ranging between 9.22 and 10.11. During this period, Allegion PLC was effectively utilizing its fixed assets to generate revenue.
However, in the subsequent quarters up to September 30, 2023, the fixed asset turnover ratio started to decline, reaching as low as 7.62. This downward trend may indicate potential inefficiencies in the company's utilization of its fixed assets to produce sales.
The most recent data points from December 31, 2023, to December 31, 2024, are missing, so it's unclear how the fixed asset turnover ratio has evolved in those periods.
Overall, Allegion PLC's fixed asset turnover ratio has shown fluctuations, and it would be essential for the company to analyze the underlying reasons behind these changes to improve operational efficiency and maximize the utilization of its fixed assets.