American Axle & Manufacturing (AXL)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,124,900 | 6,079,500 | 5,802,400 | 5,156,600 | 4,710,800 |
| Property, plant and equipment | US$ in thousands | — | — | 1,903,000 | 1,996,100 | 2,163,800 |
| Fixed asset turnover | — | — | 3.05 | 2.58 | 2.18 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $6,124,900K ÷ $—K
= —
The fixed asset turnover ratio for American Axle & Manufacturing has shown a consistent increasing trend over the years, reflecting the company's ability to generate more revenue from its fixed assets.
In December 31, 2020, the fixed asset turnover ratio was 2.18, indicating that the company generated $2.18 in revenue for every dollar invested in fixed assets. By December 31, 2021, this ratio increased to 2.58, suggesting a more efficient utilization of fixed assets to generate revenue.
The improvement continued in December 31, 2022, with the fixed asset turnover ratio further increasing to 3.05, signaling that the company was effectively using its fixed assets to support revenue growth.
However, there is missing data for December 31, 2023 and December 31, 2024, which prevent a complete analysis of the trend in the fixed asset turnover ratio for those years.
Overall, the increasing trend in the fixed asset turnover ratio until 2022 indicates that American Axle & Manufacturing has been efficiently utilizing its fixed assets to drive revenue growth. Further data for 2023 and 2024 would provide a more comprehensive understanding of the company's performance in this aspect.
Peer comparison
Dec 31, 2024