Belden Inc (BDC)
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 | 2,460,979 | 2,346,180 | 2,318,061 | 2,405,970 | 2,512,084 | 2,619,913 | 2,663,597 | 2,637,903 | 2,606,485 | 2,559,372 | 2,493,642 | 2,402,948 | 2,301,260 | 2,077,317 | 1,948,395 | 1,797,349 | 1,752,192 | 1,913,864 | 1,971,123 | 2,094,664 |
| Property, plant and equipment | US$ in thousands | 495,625 | 477,304 | 460,949 | 453,988 | 451,069 | 404,950 | 392,593 | 381,901 | 381,864 | 332,458 | 340,610 | 340,081 | 343,564 | 334,407 | 360,338 | 356,780 | 368,620 | 347,668 | 340,000 | 336,441 |
| Fixed asset turnover | 4.97 | 4.92 | 5.03 | 5.30 | 5.57 | 6.47 | 6.78 | 6.91 | 6.83 | 7.70 | 7.32 | 7.07 | 6.70 | 6.21 | 5.41 | 5.04 | 4.75 | 5.50 | 5.80 | 6.23 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,460,979K ÷ $495,625K
= 4.97
The fixed asset turnover ratio for Belden Inc has been fluctuating over the past few years. The ratio indicates how efficiently the company generates sales revenue from its investment in fixed assets.
From March 31, 2020 to December 31, 2021, there was a general decreasing trend in the fixed asset turnover ratio, which may suggest declining efficiency in utilizing fixed assets to generate sales. However, from March 31, 2022 to June 30, 2024, there was an increasing trend in the ratio, indicating an improvement in the utilization of fixed assets to generate revenue.
The ratio peaked at 7.70 on September 30, 2022 and showed a slight decline thereafter, settling at 4.97 on December 31, 2024. The declining trend towards the end of the period may indicate a potential decrease in efficiency in generating sales from fixed assets.
Overall, Belden Inc's fixed asset turnover ratio has shown variability over the years, with periods of improvement followed by declines. It is important for the company to monitor and manage its fixed asset utilization to ensure continued efficiency in generating revenue.
Peer comparison
Dec 31, 2024