Axalta Coating Systems Ltd (AXTA)
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 | 5,276,000 | 5,262,300 | 5,251,300 | 5,194,300 | 5,184,300 | 5,123,700 | 5,053,400 | 4,994,300 | 4,884,400 | 4,784,900 | 4,634,800 | 4,526,700 | 4,416,200 | 4,353,500 | 4,291,800 | 3,817,700 | 3,737,600 | 3,761,500 | 3,841,600 | 4,346,400 |
| Property, plant and equipment | US$ in thousands | 1,181,000 | 1,188,000 | 1,158,000 | 1,174,000 | 1,204,000 | 1,169,300 | 1,196,800 | 1,204,000 | 1,190,200 | 1,121,500 | 1,152,900 | 1,184,400 | 1,186,200 | 1,193,500 | 1,183,300 | 1,163,600 | 1,194,500 | 1,165,200 | 1,158,200 | 1,163,100 |
| Fixed asset turnover | 4.47 | 4.43 | 4.53 | 4.42 | 4.31 | 4.38 | 4.22 | 4.15 | 4.10 | 4.27 | 4.02 | 3.82 | 3.72 | 3.65 | 3.63 | 3.28 | 3.13 | 3.23 | 3.32 | 3.74 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,276,000K ÷ $1,181,000K
= 4.47
The fixed asset turnover of Axalta Coating Systems Ltd has shown a generally increasing trend over the past few years. The ratio increased steadily from 3.74 as of March 31, 2020, to 4.47 as of December 31, 2024.
This signifies that the company is generating more revenue in relation to its investment in fixed assets. A higher fixed asset turnover indicates that the company is effectively utilizing its fixed assets to generate sales.
The fluctuations in the ratio over the quarters suggest variations in the efficiency of the company's asset management. However, the overall trend indicates an improvement in the company's ability to generate sales from its fixed assets.
It is crucial for Axalta Coating Systems Ltd to continue monitoring and potentially improving its fixed asset turnover to ensure optimal utilization of assets and sustained revenue generation.
Peer comparison
Dec 31, 2024