American Axle & Manufacturing (AXL)

Fixed asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 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
Revenue (ttm)	US$ in thousands	6,124,900	6,207,100	6,254,100	6,192,500	6,079,500	6,009,200	5,992,500	5,860,100	5,802,400	5,644,800	5,322,700	5,167,700	5,156,600	5,359,400	5,560,400	4,792,400	4,710,800	4,702,900	4,966,200	6,155,200
Property, plant and equipment	US$ in thousands	—	—	—	—	—	1,879,000	1,817,900	1,864,700	1,903,000	1,905,300	1,980,600	1,947,800	1,996,100	1,992,300	2,190,200	2,115,800	2,163,800	2,157,900	2,209,900	2,275,200
Fixed asset turnover		—	—	—	—	—	3.20	3.30	3.14	3.05	2.96	2.69	2.65	2.58	2.69	2.54	2.27	2.18	2.18	2.25	2.71

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $6,124,900K ÷ $—K
= —

The fixed asset turnover ratio for American Axle & Manufacturing has shown a generally increasing trend from March 31, 2020, to September 30, 2024. This ratio indicates how efficiently the company is utilizing its fixed assets to generate sales.

Starting at 2.71 on March 31, 2020, the ratio decreased slightly before stabilizing around 2.18 in the latter part of 2020. From there, the ratio began to steadily increase, reaching 3.30 on June 30, 2023, which indicates that the company was generating $3.30 in sales for every $1 of fixed assets.

The trendline slightly dipped to 3.20 on September 30, 2023, and remained unchanged through December 31, 2023. From there, the data becomes unavailable.

Overall, the increasing trend in fixed asset turnover ratio suggests that American Axle & Manufacturing was becoming more efficient in utilizing its fixed assets to drive revenue generation during the period under review.