AutoNation Inc (AN)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 26,765,400 | 26,948,900 | 26,985,000 | 25,844,000 | 20,390,000 |
| Property, plant and equipment | US$ in thousands | — | — | 3,607,200 | 3,419,500 | 3,138,100 |
| Fixed asset turnover | — | — | 7.48 | 7.56 | 6.50 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $26,765,400K ÷ $—K
= —
The fixed asset turnover ratio indicates how efficiently AutoNation Inc is utilizing its fixed assets to generate revenue. From the data provided, we can observe an increasing trend in the fixed asset turnover ratio over the years. In 2020, the ratio stood at 6.50, showing an improvement to 7.56 in 2021. Although there was a slight decrease to 7.48 in 2022, the company maintained a relatively high level of efficiency in utilizing its fixed assets.
It is worth noting that there is no data available for 2023 and 2024 in the provided information. This could be due to various reasons, such as data unavailability or a change in reporting practices. However, based on the trend observed up to 2022, AutoNation Inc has demonstrated a consistent ability to generate revenue from its fixed assets efficiently.
Overall, the increasing trend in the fixed asset turnover ratio indicates that AutoNation Inc is effectively managing its fixed assets to drive revenue growth, which is a positive signal for investors and stakeholders interested in the company's operational efficiency.
Peer comparison
Dec 31, 2024