BWX Technologies Inc (BWXT)
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 | 2,694,059 | 2,673,307 | 2,579,165 | 2,497,939 | 2,461,109 | 2,359,771 | 2,296,043 | 2,241,705 | 2,207,851 | 2,175,649 | 2,148,807 | 2,097,802 | 2,095,349 | 2,060,284 | 2,085,217 | 2,086,976 | 2,099,983 | 2,044,308 | 2,029,279 | 1,994,162 |
| Property, plant and equipment | US$ in thousands | 1,278,160 | 1,275,050 | 1,241,540 | 1,231,470 | 1,228,520 | 1,186,060 | 1,183,400 | 1,152,090 | 1,134,900 | 1,083,440 | 1,088,850 | 1,071,360 | 1,045,640 | 983,974 | 942,128 | 884,000 | 816,471 | 715,098 | 656,205 | 594,157 |
| Fixed asset turnover | 2.11 | 2.10 | 2.08 | 2.03 | 2.00 | 1.99 | 1.94 | 1.95 | 1.95 | 2.01 | 1.97 | 1.96 | 2.00 | 2.09 | 2.21 | 2.36 | 2.57 | 2.86 | 3.09 | 3.36 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,694,059K ÷ $1,278,160K
= 2.11
The fixed asset turnover ratio of BWX Technologies Inc has exhibited a declining trend over the past few years, starting at 3.36 in March 2020 and reaching 2.11 by December 2024. This indicates that the company's ability to generate sales revenue from its investment in fixed assets has decreased over this period.
The ratio has gradually decreased, with some minor fluctuations along the way, suggesting potential inefficiencies in utilizing fixed assets to generate revenue. A lower fixed asset turnover ratio could signal underutilization of assets, poor asset quality, or declining sales relative to the investment in fixed assets.
It is important for BWX Technologies Inc to analyze the reasons behind this decreasing trend in fixed asset turnover and take appropriate actions to improve asset utilization and overall operational efficiency. Further investigation into the company's asset management practices and revenue generation strategies may be warranted to address this concerning trend.
Peer comparison
Dec 31, 2024