ArcBest Corp (ARCB)

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	4,182,550	4,265,140	4,329,760	4,354,670	4,493,120	4,653,130	4,876,850	5,166,410	5,326,350	5,274,290	4,938,980	4,495,079	3,997,842	3,620,356	3,398,646	3,076,929	2,942,547	2,843,551	2,836,113	2,980,260
Property, plant and equipment	US$ in thousands	1,066,050	1,049,390	971,039	937,830	914,824	862,090	828,533	805,300	800,170	745,717	709,619	692,374	695,921	684,307	665,944	662,698	678,690	678,057	660,806	663,460
Fixed asset turnover		3.92	4.06	4.46	4.64	4.91	5.40	5.89	6.42	6.66	7.07	6.96	6.49	5.74	5.29	5.10	4.64	4.34	4.19	4.29	4.49

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,182,550K ÷ $1,066,050K
= 3.92

ArcBest Corp's fixed asset turnover ratio has shown a generally increasing trend from March 31, 2020, to March 31, 2024. The ratio increased from 4.49 to 6.42 during this period, indicating that the company generated a higher level of revenue from its fixed assets over time.

However, there was a slight decline in the fixed asset turnover ratio in the following quarters, specifically from June 30, 2024, to December 31, 2024. This decrease may suggest potential inefficiencies in utilizing fixed assets to generate sales during this period.

Overall, ArcBest Corp's fixed asset turnover ratio has shown fluctuations but has generally improved over the years, indicating that the company has been effectively utilizing its fixed assets to generate revenue. Investors and stakeholders may view this trend positively as it reflects operational efficiency and effective asset management.