Smith AO Corporation (AOS)
Fixed asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,840,800 | 3,786,500 | 3,723,200 | 3,730,700 | 3,744,500 | 3,805,900 | 3,847,700 | 3,742,800 | 3,534,600 | 3,375,000 | 3,219,800 | 3,022,300 | 2,889,000 | 2,805,400 | 2,772,100 | 2,872,700 | 2,984,200 | 3,045,800 | 3,072,800 | 3,141,800 |
| Property, plant and equipment | US$ in thousands | 597,500 | 581,100 | 576,800 | 585,500 | 590,700 | 583,600 | 592,700 | 602,800 | 606,700 | 539,500 | 539,700 | 539,100 | 541,300 | 537,100 | 533,800 | 537,300 | 545,400 | 543,600 | 553,900 | 549,900 |
| Fixed asset turnover | 6.43 | 6.52 | 6.45 | 6.37 | 6.34 | 6.52 | 6.49 | 6.21 | 5.83 | 6.26 | 5.97 | 5.61 | 5.34 | 5.22 | 5.19 | 5.35 | 5.47 | 5.60 | 5.55 | 5.71 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,840,800K ÷ $597,500K
= 6.43
A.O. Smith Corp. has maintained a relatively stable fixed asset turnover ratio over the past eight quarters, ranging from 6.22 to 6.54. This ratio indicates that the company generates approximately $6.39 to $6.54 in sales revenue for every dollar invested in fixed assets during the respective periods. The consistent high fixed asset turnover reflects A.O. Smith Corp.'s efficiency in utilizing its fixed assets to generate sales. This efficiency is essential for maximizing profitability and return on investment for the company.
Peer comparison
Dec 31, 2023
Company name
Symbol
Fixed asset turnover
Smith AO Corporation
AOS
6.43
Whirlpool Corporation
WHR
8.50