Armstrong World Industries Inc (AWI)
Fixed asset turnover
| Dec 31, 2024 | Sep 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,360,400 | 1,338,600 | 1,263,600 | 1,247,800 | 1,275,800 | 1,255,300 | 1,254,300 | 1,230,300 | 1,201,100 | 1,169,200 | 1,128,400 | 1,097,100 | 1,040,000 | 994,100 | 917,000 | 912,800 | 958,000 | 983,200 | 1,048,400 | 1,038,100 |
| Property, plant and equipment | US$ in thousands | 598,800 | 577,400 | 559,900 | 566,400 | 559,100 | 559,000 | 560,400 | 554,400 | 541,200 | 539,500 | 539,200 | 542,800 | 527,300 | 527,600 | 523,600 | 529,900 | 514,800 | 514,900 | 521,300 | 524,600 |
| Fixed asset turnover | 2.27 | 2.32 | 2.26 | 2.20 | 2.28 | 2.25 | 2.24 | 2.22 | 2.22 | 2.17 | 2.09 | 2.02 | 1.97 | 1.88 | 1.75 | 1.72 | 1.86 | 1.91 | 2.01 | 1.98 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,360,400K ÷ $598,800K
= 2.27
The fixed asset turnover ratio for Armstrong World Industries Inc has shown a generally increasing trend over the period from December 31, 2019, to December 31, 2024. The ratio started at 1.98 in December 2019, indicating that the company generated $1.98 in revenue for every dollar invested in fixed assets.
There was a slight fluctuation in the ratio in the following quarters, reaching a low of 1.72 in December 2020. However, from March 31, 2021, onwards, the ratio displayed a consistent upward trajectory, indicating improved efficiency in utilizing fixed assets to generate sales.
By December 31, 2024, the fixed asset turnover ratio had reached 2.27, suggesting that the company was able to generate $2.27 in revenue for every dollar invested in fixed assets. This indicates an improvement in asset utilization efficiency over the period under consideration.
Overall, the increasing trend in the fixed asset turnover ratio for Armstrong World Industries Inc suggests that the company was able to enhance its operational efficiency and optimize the utilization of its fixed assets to generate higher sales.
Peer comparison
Dec 31, 2024