Century Aluminum Company (CENX)
Fixed asset turnover
| Dec 31, 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,222,300 | 2,115,300 | 2,134,400 | 2,676,000 | 3,086,000 | 3,954,300 | 5,317,700 | 5,722,400 | 6,099,900 | 5,800,200 | 4,820,100 | 4,157,500 | 3,208,300 | 2,521,800 | 1,964,500 | 1,605,100 | 1,651,500 | 1,696,600 | 1,767,800 | 1,836,600 |
| Property, plant and equipment | US$ in thousands | 978,300 | 971,500 | 984,200 | 1,004,200 | 994,800 | 860,800 | 743,200 | 744,400 | 740,900 | 738,400 | 893,300 | 892,500 | 872,800 | 868,800 | 867,400 | 880,400 | 899,700 | 919,000 | 935,400 | 949,200 |
| Fixed asset turnover | 2.27 | 2.18 | 2.17 | 2.66 | 3.10 | 4.59 | 7.16 | 7.69 | 8.23 | 7.86 | 5.40 | 4.66 | 3.68 | 2.90 | 2.26 | 1.82 | 1.84 | 1.85 | 1.89 | 1.93 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,222,300K ÷ $978,300K
= 2.27
Century Aluminum Company's fixed asset turnover has shown fluctuating trends over the years as per the provided data. The ratio indicates how efficiently the company is utilizing its fixed assets to generate revenue.
From December 31, 2019, to June 30, 2021, the fixed asset turnover improved steadily from 1.93 to 2.90, indicating that the company was generating more revenue per dollar invested in fixed assets during this period.
However, there was a significant spike in fixed asset turnover from June 30, 2021, to December 31, 2022, reaching its peak at 7.86. This sudden increase suggests a significant improvement in the company's operational efficiency and better utilization of its fixed assets to generate revenue.
From December 31, 2022, to December 31, 2024, the fixed asset turnover declined gradually, ending at 2.27. This decrease could indicate either a decrease in revenue generation from fixed assets or an increase in the value of fixed assets.
Overall, the trend in Century Aluminum Company's fixed asset turnover shows both periods of improvement and decline, highlighting fluctuations in the company's efficiency in utilizing its fixed assets to generate revenue over the years.
Peer comparison
Dec 31, 2024