Core Laboratories NV (CLB)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | ||
|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 520,526 | 517,009 | 504,808 | 498,822 |
| Property, plant and equipment | US$ in thousands | 97,063 | 97,606 | 98,510 | 98,521 |
| Fixed asset turnover | 5.36 | 5.30 | 5.12 | 5.06 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $520,526K ÷ $97,063K
= 5.36
The fixed asset turnover ratio for Core Laboratories NV has shown a consistent upward trend throughout the year 2024. Starting at 5.06 in March, the ratio increased to 5.12 in June, further rose to 5.30 in September, and eventually reached 5.36 by December. This indicates that the company generated $5.36 in sales for every $1 invested in fixed assets at the end of the year. The increasing trend suggests that Core Laboratories NV is effectively utilizing its fixed assets to generate revenue, which is a positive sign of operational efficiency and asset productivity.
Peer comparison
Dec 31, 2024