Curtiss-Wright Corporation (CW)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,121,200 | 2,796,860 | 2,510,060 | 2,464,460 | 2,391,340 |
| Property, plant and equipment | US$ in thousands | 339,118 | 332,796 | 342,708 | 360,031 | 378,200 |
| Fixed asset turnover | 9.20 | 8.40 | 7.32 | 6.85 | 6.32 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,121,200K ÷ $339,118K
= 9.20
The fixed asset turnover ratio for Curtiss-Wright Corporation has shown a consistent and positive trend over the past five years, increasing from 6.32 in December 31, 2020, to 9.20 in December 31, 2024. This indicates that the company is effectively generating revenue from its fixed assets, with each dollar of investment in fixed assets generating a higher amount of sales over time.
A rising fixed asset turnover ratio is generally viewed positively as it demonstrates efficient utilization of fixed assets to generate sales. Curtiss-Wright Corporation's increasing ratio suggests improved operational efficiency and effectiveness in utilizing its fixed assets to drive revenue growth.
Overall, the steady improvement in the fixed asset turnover ratio reflects well on Curtiss-Wright Corporation's management of its asset base and operational performance in generating sales from its fixed assets over the years.
Peer comparison
Dec 31, 2024