Avient Corp (AVNT)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,240,400 | 3,142,800 | 3,396,900 | 4,818,800 | 3,242,100 |
| Property, plant and equipment | US$ in thousands | — | — | 1,049,200 | 750,200 | 694,900 |
| Fixed asset turnover | — | — | 3.24 | 6.42 | 4.67 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,240,400K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company is generating revenue from its investment in fixed assets.
Looking at the data provided for Avient Corp, we observe fluctuations in the fixed asset turnover ratio over the years.
In 2020, the fixed asset turnover ratio was 4.67, indicating that Avient Corp generated $4.67 in revenue for every dollar invested in fixed assets. This implies a reasonably efficient utilization of fixed assets to generate revenue.
By 2021, the fixed asset turnover ratio improved significantly to 6.42, suggesting a more effective utilization of fixed assets to generate revenue compared to the previous year.
However, in 2022, the fixed asset turnover ratio decreased to 3.24, signaling a decline in the efficiency of utilizing fixed assets to generate revenue. This could imply potential inefficiencies or changes in the company's operations impacting its ability to generate revenue from its fixed assets.
Unfortunately, there is no data available for 2023 and 2024 to provide further insights into the trend of Avient Corp's fixed asset turnover ratio for those years.
In conclusion, the analysis of Avient Corp's fixed asset turnover ratio reveals variability in the efficiency of utilizing fixed assets to generate revenue over the years, with notable improvements in some years and declines in others.
Peer comparison
Dec 31, 2024