Armstrong World Industries Inc (AWI)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,442,900 | 1,247,800 | 1,230,300 | 1,097,100 | 912,800 |
| Property, plant and equipment | US$ in thousands | 598,800 | 566,400 | 554,400 | 542,800 | 529,900 |
| Fixed asset turnover | 2.41 | 2.20 | 2.22 | 2.02 | 1.72 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,442,900K ÷ $598,800K
= 2.41
Armstrong World Industries Inc has shown a steady improvement in its fixed asset turnover ratio over the past five years. The ratio increased from 1.72 in December 31, 2020, to 2.41 in December 31, 2024. This indicates that the company has been able to generate more revenue from its fixed assets over time, showcasing improved efficiency in asset utilization. The most significant leap in the ratio was observed between December 31, 2023, and December 31, 2024, where it jumped from 2.20 to 2.41, suggesting a notable enhancement in the company's ability to generate sales from its fixed assets in the most recent year. Overall, Armstrong World Industries Inc's increasing fixed asset turnover ratio reflects positive operational performance and efficient management of its fixed assets.
Peer comparison
Dec 31, 2024