Celanese Corporation (CE)
Fixed asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 10,254,000 | 10,108,000 | 9,713,000 | 9,534,000 | 9,350,000 | 9,417,000 | 9,523,000 | 9,245,000 | 8,517,000 | 7,793,000 | 6,925,000 | 5,920,000 | 5,580,000 | 5,485,000 | 5,659,000 | 6,054,000 | 6,284,000 | 6,548,000 | 6,732,000 | 6,984,000 |
| Property, plant and equipment | US$ in thousands | 5,584,000 | 5,467,000 | 5,541,000 | 5,588,000 | 5,584,000 | 4,089,000 | 4,158,000 | 4,188,000 | 4,193,000 | 3,924,000 | 3,922,000 | 3,876,000 | 3,939,000 | 3,851,000 | 3,725,000 | 3,678,000 | 3,713,000 | 3,585,000 | 3,642,000 | 3,721,000 |
| Fixed asset turnover | 1.84 | 1.85 | 1.75 | 1.71 | 1.67 | 2.30 | 2.29 | 2.21 | 2.03 | 1.99 | 1.77 | 1.53 | 1.42 | 1.42 | 1.52 | 1.65 | 1.69 | 1.83 | 1.85 | 1.88 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $10,254,000K ÷ $5,584,000K
= 1.84
Celanese Corp's fixed asset turnover has shown some fluctuations over the past few quarters. The fixed asset turnover ratio indicates the efficiency with which the company is utilizing its fixed assets to generate revenue. A higher ratio suggests that the company is generating more revenue per dollar of fixed assets.
In Q4 2023 and Q3 2023, the fixed asset turnover remained stable at 1.96, indicating consistent efficiency in generating revenue from fixed assets. However, there was a slight decrease in Q2 2023 to 1.86 and in Q1 2023 to 1.79, suggesting a potential dip in asset utilization efficiency during those periods.
Comparing the recent quarters to the same periods in the previous year, there has been a notable decline in fixed asset turnover. In Q4 2022 and Q3 2022, the ratio was significantly higher at 2.35 and 2.30, respectively, indicating better utilization of fixed assets to generate revenue compared to the latest quarters.
Overall, it is essential for Celanese Corp to closely monitor its fixed asset turnover and identify the factors contributing to any fluctuations. This analysis can help the company make informed decisions to improve its efficiency in utilizing fixed assets and ultimately enhance its financial performance.
Peer comparison
Dec 31, 2023