Crane Company (CR)
Fixed asset turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | ||
|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,063,700 | |||
| Property, plant and equipment | US$ in thousands | 270,500 | 253,400 | 254,200 | 250,100 |
| Fixed asset turnover | 7.63 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,063,700K ÷ $270,500K
= 7.63
The fixed asset turnover ratio for Crane Company as of December 31, 2023, is 7.63. This ratio indicates that Crane Company generated $7.63 in net sales revenue for every dollar of fixed assets invested in the business during the period. A high fixed asset turnover ratio typically suggests that the company is efficiently utilizing its fixed assets to generate sales revenue. This may indicate effective asset management, production efficiency, and strong sales performance. It is essential for Crane Company to monitor this ratio over time to ensure the continued efficient utilization of its fixed assets and sustainable growth in revenue.
Peer comparison
Dec 31, 2023