Astec Industries Inc (ASTE)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,305,100 | 1,338,200 | 1,274,500 | 1,097,200 | 1,024,400 |
| Property, plant and equipment | US$ in thousands | — | — | 173,600 | 177,500 | 172,800 |
| Fixed asset turnover | — | — | 7.34 | 6.18 | 5.93 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,305,100K ÷ $—K
= —
Fixed asset turnover measures how efficiently a company is generating revenues from its investment in fixed assets. Astec Industries Inc's fixed asset turnover has been improving over the years. In 2020, the company achieved a fixed asset turnover of 5.93, indicating that it generated $5.93 in revenue for every dollar invested in fixed assets. This ratio increased to 6.18 in 2021 and further to 7.34 in 2022, showing a continuous improvement in asset utilization efficiency.
However, there is missing data for 2023 and 2024, which limits the ability to assess the trend continuously. It is essential for the company to provide complete data for future analysis. Overall, the increasing trend in fixed asset turnover reflects Astec Industries Inc's ability to efficiently utilize its fixed assets to generate revenue, which is a positive indicator for investors and stakeholders.
Peer comparison
Dec 31, 2024