Belden Inc (BDC)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,460,980 | 2,512,080 | 2,606,480 | 2,301,260 | 1,752,190 |
| Property, plant and equipment | US$ in thousands | 495,625 | 451,069 | 381,864 | 343,564 | 368,620 |
| Fixed asset turnover | 4.97 | 5.57 | 6.83 | 6.70 | 4.75 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,460,980K ÷ $495,625K
= 4.97
The fixed asset turnover ratio for Belden Inc has shown a consistent increase from 4.75 in December 2020 to 6.83 in December 2022. This indicates that the company is generating more revenue from its fixed assets over time, reflecting improved efficiency in utilizing its long-term assets to generate sales.
However, there was a slight decrease in the ratio to 5.57 in December 2023 and further to 4.97 in December 2024. This may suggest a potential slowdown in the company's ability to generate sales relative to its investment in fixed assets during these periods.
Overall, Belden Inc has demonstrated a generally positive trend in its fixed asset turnover ratio, but it is important for the company to monitor this ratio closely and ensure that its fixed assets are being efficiently utilized to drive revenue in the long term.
Peer comparison
Dec 31, 2024