Ametek Inc (AME)

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	6,941,170	6,910,450	6,824,730	6,736,010	6,596,950	6,491,740	6,420,690	6,289,130	6,150,530	6,028,600	5,917,490	5,789,290	5,546,510	5,241,720	4,927,980	4,553,550	4,540,030	4,645,900	4,795,590	5,073,080
Property, plant and equipment	US$ in thousands	—	—	—	—	—	797,142	809,156	637,672	805,936	756,143	597,153	611,010	787,062	766,563	777,525	549,313	526,530	508,645	516,575	534,786
Fixed asset turnover		—	—	—	—	—	8.14	7.94	9.86	7.63	7.97	9.91	9.47	7.05	6.84	6.34	8.29	8.62	9.13	9.28	9.49

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $6,941,170K ÷ $—K
= —

Fixed asset turnover is a financial ratio that measures a company's ability to generate revenue from its investment in fixed assets, such as property, plant, and equipment. A higher fixed asset turnover indicates that the company is efficiently utilizing its fixed assets to generate sales.

Looking at the data provided for Ametek Inc, we can see that the fixed asset turnover ratio has exhibited some fluctuations over the reporting periods. The ratio started at a high of 9.49 in March 2020, indicating that the company was effectively generating sales relative to its investment in fixed assets. However, the ratio gradually decreased in subsequent quarters, reaching a low of 6.34 in June 2021, which may suggest a decrease in efficiency in utilizing fixed assets to generate revenue.

Subsequently, the ratio showed some improvement, increasing to 9.91 in June 2022 before decreasing again in the following quarters. The ratio ranged between 6.84 and 9.47 until March 2023, showing some variability.

Overall, the fixed asset turnover ratio for Ametek Inc has shown fluctuations over time, indicating varying levels of efficiency in generating sales from fixed assets. It is important for management to closely monitor this ratio to ensure optimal utilization of fixed assets and identify areas for improvement in operational efficiency.