Allegheny Technologies Incorporated (ATI)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,362,100 | 7,544,800 | 3,836,000 | 2,799,800 | 2,982,100 |
| Property, plant and equipment | US$ in thousands | — | — | 1,549,100 | 1,528,500 | 1,469,200 |
| Fixed asset turnover | — | — | 2.48 | 1.83 | 2.03 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $4,362,100K ÷ $—K
= —
The fixed asset turnover ratio, which measures a company's efficiency in generating sales from its fixed assets, for Allegheny Technologies Incorporated has shown some variability over the years.
In 2020, the fixed asset turnover was 2.03, indicating that the company generated $2.03 in sales for every dollar of fixed assets invested. This ratio decreased to 1.83 in 2021, suggesting a decline in the efficiency of utilizing fixed assets to generate revenue.
However, there was a notable improvement in 2022, with the fixed asset turnover ratio increasing to 2.48. This implies that Allegheny Technologies Incorporated was able to generate $2.48 in sales for every dollar of fixed assets during that year, indicating better productivity and efficiency in asset utilization.
For the years 2023 and 2024, the data is not available (marked as "—"), making it difficult to assess the trend in fixed asset turnover during these periods. Additional information would be needed to analyze the company's performance in those years.
Overall, the fluctuation in the fixed asset turnover ratios for Allegheny Technologies Incorporated indicates some variability in the company's efficiency in generating sales from its fixed assets over the years, with 2022 showing a notable improvement compared to the preceding year.