Curtiss-Wright Corporation (CW)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,762,156 | 3,695,656 | 3,621,064 | 3,540,669 | 3,458,362 | 3,374,952 | 3,281,168 | 3,186,129 | 3,114,730 | 3,042,690 | 3,032,767 | 3,044,905 | 3,082,503 | 2,507,617 | 2,458,612 | 2,387,164 | 2,391,336 | 2,378,663 | 2,421,929 | 2,510,878 |
| Property, plant and equipment | US$ in thousands | 339,118 | 330,292 | 326,969 | 329,347 | 332,796 | 334,864 | 340,857 | 340,313 | 342,708 | 338,549 | 348,062 | 355,363 | 360,031 | 360,314 | 366,789 | 369,970 | 378,200 | 379,859 | 381,226 | 384,175 |
| Fixed asset turnover | 11.09 | 11.19 | 11.07 | 10.75 | 10.39 | 10.08 | 9.63 | 9.36 | 9.09 | 8.99 | 8.71 | 8.57 | 8.56 | 6.96 | 6.70 | 6.45 | 6.32 | 6.26 | 6.35 | 6.54 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,762,156K ÷ $339,118K
= 11.09
The fixed asset turnover ratio of Curtiss-Wright Corporation has shown a consistent and gradually increasing trend over the last few years, indicating efficient utilization of fixed assets in generating sales. Starting at 6.54 in March 2020, the ratio increased steadily to reach 11.09 by December 2024.
This improvement signals that the company has been successful in generating more revenue from its fixed assets over time. The significant increase in the fixed asset turnover ratio from 2022 onwards suggests that Curtiss-Wright Corporation has been able to enhance operational efficiency and optimize the usage of its fixed assets effectively.
Overall, the rising trend in the fixed asset turnover ratio reflects positively on the company's ability to generate sales from its investment in fixed assets, showcasing effective asset management and operational performance over the years.
Peer comparison
Dec 31, 2024