Api Group Corp (APG)
Fixed asset turnover
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 7,136,000 | 7,018,000 | 6,916,000 | 6,874,000 | 6,915,000 | 6,928,000 | 6,872,000 | 6,823,000 | 6,701,000 | 6,558,000 | 5,967,000 | 5,279,000 | 4,608,000 | 3,940,000 | 3,710,000 | 3,621,000 | 3,532,000 | 3,587,000 | 3,690,000 | 3,845,470 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 604,000 | 639,000 | 412,000 | 407,000 | 399,000 | 614,000 | 384,000 | 427,000 | 337,000 | 453,000 | 353,000 | 462,000 | 452,000 | 467,000 |
| Fixed asset turnover | — | — | — | — | — | — | 11.38 | 10.68 | 16.26 | 16.11 | 14.95 | 8.60 | 12.00 | 9.23 | 11.01 | 7.99 | 10.01 | 7.76 | 8.16 | 8.23 |
March 31, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $7,136,000K ÷ $—K
= —
The fixed asset turnover ratio for Api Group Corp exhibits notable fluctuations over the observed period from June 2020 to September 2023. Initially, in June 2020, the ratio stands at 8.23, indicating that the company generated approximately 8.23 units of revenue for every unit invested in fixed assets. Throughout 2020, the ratio experienced a modest decline, reaching 7.76 by the end of December 2020, which may suggest either a slight decrease in operational efficiency or the expansion of fixed assets ahead of revenue growth.
In 2021, the ratio demonstrates a significant upward trend, rising to 10.01 by the end of March, then fluctuating in the subsequent quarters—slightly decreasing to 7.99 in June, then sharply increasing again to 11.01 in September, and stabilizing at 9.23 by year's end. This pattern indicates periods of improved utilization of fixed assets to generate revenue, possibly driven by operational efficiencies or strategic investments.
During 2022, the ratio continues its upward trajectory, culminating at 16.11 by December 2022. Such an increase signifies that the company generated substantially more revenue relative to its fixed assets, which may reflect enhanced operational scalability, asset optimization, or higher-margin activities. The ratio sustains a high level at 16.26 in the first quarter of 2023.
However, there is a notable decline in the ratio during the second quarter of 2023, dropping to 10.68, which could point to a temporary slowdown in asset efficiency or the addition of new fixed assets that have yet to contribute proportionally to revenue. Subsequently, the ratio shows signs of recovery, reaching 11.38 in September 2023.
The data for the later periods (from December 2023 onward) are unavailable, precluding analysis beyond September 2023. Overall, the trend reflects periods of significant improvement in fixed asset utilization efficiency, with the ratio reaching peaks exceeding 16, indicating effective asset management and revenue generation. Nevertheless, the fluctuations suggest that the company's fixed asset efficiency has experienced variability, potentially influenced by strategic investments, operational adjustments, or industry-specific factors during the analyzed timeframe.
Peer comparison
Mar 31, 2025