Brinks Company (BCO)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,011,900 | 4,874,600 | 4,535,500 | 4,200,200 | 3,690,900 |
| Property, plant and equipment | US$ in thousands | — | — | 935,300 | 1,164,700 | 838,200 |
| Fixed asset turnover | — | — | 4.85 | 3.61 | 4.40 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $5,011,900K ÷ $—K
= —
The fixed asset turnover ratio measures the efficiency with which a company generates sales revenue from its investment in fixed assets. Looking at the trend for Brinks Company's fixed asset turnover from December 31, 2020, to December 31, 2024, we can observe fluctuations in the ratio.
In 2020, Brinks Company recorded a fixed asset turnover ratio of 4.40, indicating that the company generated $4.40 in sales for every dollar invested in fixed assets. The following year, the ratio decreased to 3.61, suggesting a decrease in the efficiency of utilizing fixed assets to generate sales revenue.
However, in 2022, the fixed asset turnover ratio improved significantly to 4.85, indicating a more efficient use of fixed assets in generating sales. Unfortunately, the data for 2023 and 2024 is unavailable (denoted by "—"), making it challenging to assess the trend in the fixed asset turnover ratio for those years.
Overall, the company's fixed asset turnover ratio has shown some fluctuations over the years, with a notable improvement in 2022. It would be essential for Brinks Company to consistently monitor and analyze this ratio to ensure optimal utilization of its fixed assets and enhance operational efficiency.
Peer comparison
Dec 31, 2024