Astec Industries Inc (ASTE)
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 | 1,305,100 | 1,283,300 | 1,295,000 | 1,299,500 | 1,338,200 | 1,350,900 | 1,363,000 | 1,331,200 | 1,274,500 | 1,192,400 | 1,144,200 | 1,104,000 | 1,097,200 | 1,068,300 | 1,032,700 | 1,020,000 | 1,024,400 | 1,068,724 | 1,093,131 | 1,132,633 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 180,400 | 176,700 | 173,600 | 163,800 | 162,300 | 164,000 | 177,500 | 167,500 | 169,800 | 169,600 | 172,800 | 182,817 | 177,833 | 185,315 |
| Fixed asset turnover | — | — | — | — | — | — | 7.56 | 7.53 | 7.34 | 7.28 | 7.05 | 6.73 | 6.18 | 6.38 | 6.08 | 6.01 | 5.93 | 5.85 | 6.15 | 6.11 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,305,100K ÷ $—K
= —
Astec Industries Inc has shown consistent improvement in its fixed asset turnover ratio over the past few years, reflecting the company's efficiency in generating revenue from its fixed assets. The trend indicates an increasing utilization of fixed assets to generate sales revenue.
The fixed asset turnover ratio has increased from 6.11 in March 2020 to 7.34 in December 2022, reaching its highest point of 7.56 as of June 30, 2023. This indicates that for every dollar invested in fixed assets, the company generated $7.56 in sales revenue by the end of June 2023.
The steady upward trend suggests that Astec Industries Inc is effectively managing its fixed assets to generate revenue. A higher fixed asset turnover ratio is generally considered favorable as it indicates the company is utilizing its assets efficiently to generate sales.
However, it is worth noting that the data for the most recent periods, from September 30, 2023, onwards is unavailable. This lack of data may indicate a reporting delay or could also suggest a strategic shift in the company's capital expenditure plans or business operations. Further information is needed to understand the impact on the fixed asset turnover ratio beyond June 2023.
Peer comparison
Dec 31, 2024