Crown Holdings Inc (CCK)
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 | 11,928,000 | 11,504,000 | 11,378,000 | 11,328,000 | 11,532,000 | 11,716,000 | 11,928,000 | 12,382,000 | 12,632,000 | 12,492,000 | 12,255,000 | 11,672,000 | 11,632,000 | 11,816,000 | 11,385,000 | 10,666,000 | 10,345,000 | 10,174,000 | 10,769,000 | 11,667,000 |
| Property, plant and equipment | US$ in thousands | 4,927,000 | 5,021,000 | 4,980,000 | 5,049,000 | 5,062,000 | 4,876,000 | 4,890,000 | 4,704,000 | 4,540,000 | 4,265,000 | 4,133,000 | 4,083,000 | 4,036,000 | 3,838,000 | 3,783,000 | 4,190,000 | 3,652,000 | 3,889,000 | 3,817,000 | 3,752,000 |
| Fixed asset turnover | 2.42 | 2.29 | 2.28 | 2.24 | 2.28 | 2.40 | 2.44 | 2.63 | 2.78 | 2.93 | 2.97 | 2.86 | 2.88 | 3.08 | 3.01 | 2.55 | 2.83 | 2.62 | 2.82 | 3.11 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $11,928,000K ÷ $4,927,000K
= 2.42
The fixed asset turnover ratio of Crown Holdings Inc has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio measures the efficiency of the company in generating sales revenue from its investment in fixed assets.
Initially, in the first quarter of 2020, the fixed asset turnover ratio was 3.11, which indicates that the company generated $3.11 in sales for every dollar invested in fixed assets. Subsequently, the ratio decreased to 2.82 by June 30, 2020, and continued to fluctuate over the following quarters, reaching a low of 2.28 by December 31, 2023.
During the evaluation period, the company's fixed asset turnover ratio generally ranged between 2.24 and 3.11. The variations in the ratio could be attributed to changes in sales revenue and the carrying value of fixed assets on the company's balance sheet.
Overall, although there were fluctuations in the fixed asset turnover ratio, the company maintained an average ratio around 2.75, indicating that Crown Holdings Inc has been efficient in utilizing its fixed assets to generate sales revenue. It is important for the company to continue monitoring and managing its fixed asset turnover ratio to ensure optimal utilization of its assets for generating revenue.
Peer comparison
Dec 31, 2024