Crane NXT Co (CXT)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,486,800 | 1,391,300 | 3,374,900 | 3,408,000 | 2,936,900 |
| Property, plant and equipment | US$ in thousands | — | — | 295,600 | 555,600 | 677,400 |
| Fixed asset turnover | — | — | 11.42 | 6.13 | 4.34 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,486,800K ÷ $—K
= —
The fixed asset turnover ratio for Crane NXT Co has shown a significant increase over the years, from 4.34 in December 31, 2020, to 6.13 in December 31, 2021, and further to 11.42 in December 31, 2022. This indicates that the company is generating more revenue from its fixed assets as time progresses, reflecting improved asset utilization efficiency. However, the absence of data for December 31, 2023 and December 31, 2024 makes it challenging to assess the trend for those years. Overall, the increasing trend in fixed asset turnover suggests that Crane NXT Co is effectively generating sales relative to its investment in fixed assets.
Peer comparison
Dec 31, 2024