Api Group Corp (APG)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,018,000 | 6,928,000 | 6,558,000 | 3,940,000 | 3,587,000 |
| Property, plant and equipment | US$ in thousands | — | — | 407,000 | 427,000 | 462,000 |
| Fixed asset turnover | — | — | 16.11 | 9.23 | 7.76 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $7,018,000K ÷ $—K
= —
The fixed asset turnover ratio for Api Group Corp demonstrates a notable upward trend over the period from December 31, 2020, to December 31, 2022. Specifically, the ratio increased from 7.76 in 2020 to 9.23 in 2021, indicating an improvement in the efficiency with which the company utilizes its fixed assets to generate revenue. The ratio then continued to rise substantially to 16.11 in 2022, nearly doubling the 2021 figure, which suggests a significant enhancement in asset utilization or possibly an increase in revenue relative to fixed assets.
Data for the years 2023 and 2024 is not available, indicated by placeholders, thus preventing assessment of whether this upward trajectory has continued or stabilized in subsequent periods. Nonetheless, the available figures reflect a pattern of increasing fixed asset efficiency over the span of two years, culminating in a notably higher ratio in 2022. This trend may be reflective of improved operational efficiency, asset management, or strategic initiatives aimed at maximizing revenue generated per unit of fixed assets.
Peer comparison
Dec 31, 2024