Ametek Inc (AME)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,941,180 | 6,596,950 | 6,150,530 | 5,546,510 | 4,540,030 |
| Property, plant and equipment | US$ in thousands | — | — | 805,936 | 787,062 | 526,530 |
| Fixed asset turnover | — | — | 7.63 | 7.05 | 8.62 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $6,941,180K ÷ $—K
= —
Fixed asset turnover is a key financial ratio that indicates how efficiently a company is utilizing its fixed assets to generate revenue. For Ametek Inc, the fixed asset turnover has shown a decreasing trend over the past few years. In 2020, the fixed asset turnover stood at a high of 8.62, indicating that the company generated $8.62 in revenue for every dollar invested in fixed assets. However, this ratio decreased to 7.05 in 2021 and then slightly improved to 7.63 in 2022.
Notably, the data for 2023 and 2024 is not available which limits our ability to make a complete assessment. It is essential for investors and stakeholders to monitor this ratio over time to understand how effectively the company is deploying its fixed assets to generate sales. The decreasing trend observed in the fixed asset turnover for Ametek Inc may suggest potential inefficiencies in asset utilization or changes in the business environment impacting revenue generation. Further analysis and comparison with industry benchmarks can provide a more comprehensive understanding of Ametek Inc's operational efficiency and capital utilization.
Peer comparison
Dec 31, 2024