Badger Meter Inc (BMI)
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 | 826,558 | 803,816 | 781,571 | 740,771 | 703,592 | 668,476 | 630,292 | 592,267 | 565,568 | 553,992 | 534,721 | 519,757 | 505,197 | 481,778 | 466,627 | 434,877 | 425,543 | 420,770 | 415,829 | 428,252 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 74,439 | 74,706 | 74,525 | 73,542 | 72,369 | 74,040 | 76,069 | 78,050 | 79,941 | 81,582 | 82,084 | 82,705 | 82,435 | 83,190 | 84,570 |
| Fixed asset turnover | — | — | — | — | — | 8.98 | 8.44 | 7.95 | 7.69 | 7.66 | 7.22 | 6.83 | 6.47 | 6.03 | 5.72 | 5.30 | 5.15 | 5.10 | 5.00 | 5.06 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $826,558K ÷ $—K
= —
Badger Meter Inc's fixed asset turnover has shown a consistent upward trend from March 31, 2020, to December 31, 2023. The ratio has steadily increased from 5.06 to 7.95 over this period, indicating that the company has been generating more revenue relative to its investment in fixed assets. This improvement suggests better utilization of fixed assets to drive sales.
The significant increase in fixed asset turnover from March 31, 2024, onwards may indicate either a substantial boost in revenue generation or more efficient utilization of fixed assets. However, the data for the latter part of 2024 is not available, so it is challenging to provide a definitive analysis for that period.
Overall, the trend in fixed asset turnover reflects positively on Badger Meter Inc's operational efficiency and effectiveness in managing its fixed assets to generate revenue. Investors and stakeholders may view this trend as a favorable indicator of the company's financial health and performance.
Peer comparison
Dec 31, 2024