Cars.com Inc (CARS)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 719,152 | 689,183 | 653,876 | 623,683 | 547,503 |
| Property, plant and equipment | US$ in thousands | — | — | 45,218 | 43,005 | 41,323 |
| Fixed asset turnover | — | — | 14.46 | 14.50 | 13.25 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $719,152K ÷ $—K
= —
Based on the provided data, the fixed asset turnover ratio for Cars.com Inc has shown a consistent improvement over the period from December 31, 2020, to December 31, 2022. The ratio increased from 13.25 in 2020 to 14.50 in 2021 and further to 14.46 in 2022, indicating that the company is generating more revenue relative to its investment in fixed assets. This trend suggests that Cars.com Inc is effectively utilizing its fixed assets to generate sales.
However, it is noted that the data for December 31, 2023, and December 31, 2024 are not available (denoted by '\u2014'), which limits the ability to fully assess the company's fixed asset turnover performance for those years.
Overall, the improvement in the fixed asset turnover ratio up to 2022 is a positive indication of efficiency in asset utilization by Cars.com Inc. It is essential for the company to continue monitoring and managing its fixed asset turnover to ensure sustained operational efficiency and profitability in the future.
Peer comparison
Dec 31, 2024