Badger Meter Inc (BMI)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 826,558 | 703,592 | 565,568 | 505,198 | 425,544 |
| Property, plant and equipment | US$ in thousands | — | — | 73,542 | 78,050 | 82,705 |
| Fixed asset turnover | — | — | 7.69 | 6.47 | 5.15 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $826,558K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company utilizes its fixed assets to generate revenue. In the case of Badger Meter Inc, the ratio has shown a consistent upward trend from 5.15 in December 2020 to 7.69 in December 2022, indicating an improvement in the company's ability to generate sales from its fixed assets. However, there is missing data for December 2023 and December 2024, which could be due to various reasons such as changes in the company's reporting practices or unforeseen circumstances. Overall, the increasing trend in the fixed asset turnover ratio suggests that Badger Meter Inc has been effectively utilizing its fixed assets to drive revenue growth over the analyzed period.
Peer comparison
Dec 31, 2024