BWX Technologies Inc (BWXT)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,700,960 | 2,450,040 | 2,189,500 | 2,093,650 | 2,093,260 |
| Property, plant and equipment | US$ in thousands | 1,278,160 | 1,228,520 | 1,134,900 | 1,045,640 | 816,471 |
| Fixed asset turnover | 2.11 | 1.99 | 1.93 | 2.00 | 2.56 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,700,960K ÷ $1,278,160K
= 2.11
The fixed asset turnover ratio for BWX Technologies Inc has shown a decreasing trend over the past five years. Starting at 2.56 in December 31, 2020, the ratio gradually decreased to 2.00 by December 31, 2021. Subsequently, the ratio continued to decline to 1.93 by December 31, 2022, before showing a slight increase to 1.99 by December 31, 2023. Finally, by December 31, 2024, the ratio improved slightly to 2.11.
The decreasing trend in the fixed asset turnover ratio indicates that the company is generating less revenue per dollar of fixed assets invested over the years. This may raise concerns about the company's efficiency in utilizing its fixed assets to generate sales. Investors and stakeholders may want the company to focus on improving the efficiency of its fixed asset utilization to boost profitability and overall financial performance.
Peer comparison
Dec 31, 2024