CH Robinson Worldwide Inc (CHRW)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	17,725,000	17,596,400	24,696,600	23,102,100	16,207,100
Property, plant and equipment	US$ in thousands	—	—	159,432	432,390	178,949
Fixed asset turnover		—	—	154.90	53.43	90.57

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $17,725,000K ÷ $—K
= —

CH Robinson Worldwide Inc's fixed asset turnover ratio has exhibited significant fluctuations over the past few years. In 2020, the company achieved a remarkably high fixed asset turnover ratio of 90.57, indicating that it generated $90.57 in revenue for every dollar invested in fixed assets. However, this ratio decreased notably to 53.43 in 2021, suggesting a relative decline in efficiency in utilizing fixed assets to generate revenue.

The following year, in 2022, the fixed asset turnover ratio surged to 154.90, showcasing a substantial improvement in the company's ability to generate revenue from its fixed assets. However, it is worth noting that the data for both 2023 and 2024 is missing, which limits the ability to provide a complete analysis of the trend beyond 2022.

Overall, the varying levels of the fixed asset turnover ratio indicate fluctuations in CH Robinson Worldwide Inc's efficiency in generating revenue from its fixed assets. It would be important to monitor future data to assess the company's ability to sustain or improve its efficiency in utilizing fixed assets effectively.