AptarGroup Inc (ATR)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,582,890 | 3,487,450 | 3,322,250 | 3,227,220 | 2,929,340 |
| Property, plant and equipment | US$ in thousands | 1,447,150 | 1,478,060 | 1,343,660 | 1,275,880 | 1,198,750 |
| Fixed asset turnover | 2.48 | 2.36 | 2.47 | 2.53 | 2.44 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,582,890K ÷ $1,447,150K
= 2.48
Fixed asset turnover is a key financial ratio that measures a company's efficiency in generating sales revenue from its investment in fixed assets. Analyzing AptarGroup Inc's fixed asset turnover over the past five years reveals a relatively stable trend.
The data shows that AptarGroup Inc's fixed asset turnover has ranged from 2.36 to 2.53 during the period from December 31, 2020, to December 31, 2024. This indicates that, on average, the company generated between $2.36 and $2.53 in sales for every dollar invested in fixed assets over the respective years.
The slight fluctuations in the fixed asset turnover ratio suggest that AptarGroup Inc has been effectively utilizing its fixed assets to drive sales, with no significant deterioration in efficiency observed. A higher fixed asset turnover ratio typically implies better asset utilization and operational efficiency.
Overall, AptarGroup Inc's consistent fixed asset turnover performance indicates that the company has been efficient in generating revenue from its investments in fixed assets, which is a positive sign for investors and stakeholders.
Peer comparison
Dec 31, 2024