Celanese Corporation (CE)
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 | 10,280,000 | 10,479,000 | 10,554,000 | 10,698,000 | 10,940,000 | 10,719,000 | 10,297,000 | 9,988,000 | 9,673,000 | 9,600,000 | 9,565,000 | 9,277,000 | 8,537,000 | 7,853,000 | 6,998,000 | 5,993,000 | 5,655,000 | 5,496,000 | 5,671,000 | 6,070,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 5,862,000 | 5,541,000 | 5,588,000 | 5,584,000 | 4,335,000 | 4,158,000 | 4,188,000 | 4,429,000 | 4,155,000 | 4,137,000 | 3,876,000 | 3,939,000 | 3,851,000 | 3,725,000 | 3,678,000 |
| Fixed asset turnover | — | — | — | — | — | 1.83 | 1.86 | 1.79 | 1.73 | 2.21 | 2.30 | 2.22 | 1.93 | 1.89 | 1.69 | 1.55 | 1.44 | 1.43 | 1.52 | 1.65 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $10,280,000K ÷ $—K
= —
Fixed asset turnover is a financial ratio that indicates how efficiently a company is generating revenue from its fixed assets. The ratio is calculated by dividing net sales by average fixed assets.
Analyzing the data provided for Celanese Corporation over the years, we can see a fluctuating trend in the fixed asset turnover ratio. The ratio started at 1.65 in March 2020 and saw some fluctuations throughout the years, reaching a peak of 2.30 in June 2022. This indicates that for every dollar invested in fixed assets, the company generated $2.30 in sales during that period.
However, in the latter periods, the ratio decreased to 1.73 in December 2022, and further dropped to 1.79 in March 2023. This decline may suggest that the company's ability to generate revenue from its fixed assets slightly weakened during these periods.
It is important to note that the ratio values are not available for the latter years of 2024, indicating a lack of data for analysis. It would be crucial for stakeholders to monitor this ratio in upcoming periods to assess Celanese Corporation's efficiency in utilizing its fixed assets to generate sales.
Peer comparison
Dec 31, 2024