CTS Corporation (CTS)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 515,771 | 550,422 | 586,869 | 512,925 | 424,066 |
| Property, plant and equipment | US$ in thousands | — | — | 120,002 | 118,470 | 97,437 |
| Fixed asset turnover | — | — | 4.89 | 4.33 | 4.35 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $515,771K ÷ $—K
= —
The fixed asset turnover for CTS Corporation has shown a relatively stable trend over the years, with values ranging from 4.33 to 4.89. This ratio indicates the company's ability to generate revenue from its investment in fixed assets. A higher fixed asset turnover typically suggests that the company is utilizing its fixed assets efficiently to generate sales. However, the absence of data for the years 2023 and 2024 makes it challenging to assess the trend accurately for those years. Overall, a consistent fixed asset turnover ratio reflects CTS Corporation's effective utilization of its fixed assets to generate revenue during the analyzed period.
Peer comparison
Dec 31, 2024