Crane NXT Co (CXT)
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 | 1,486,800 | 1,444,600 | 1,394,000 | 1,375,800 | 1,905,100 | 2,372,300 | 2,834,500 | 2,816,100 | 2,844,700 | 2,845,800 | 2,924,500 | 3,386,900 | 3,348,900 | 3,207,300 | 3,000,000 | 2,847,900 | 2,761,300 | 2,915,200 | 3,001,000 | 3,198,300 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 244,700 | 251,300 | 508,000 | 295,600 | 493,900 | 514,200 | — | — | — | — | — | 573,700 | 595,600 | 597,900 | 607,100 |
| Fixed asset turnover | — | — | — | — | — | 9.69 | 11.28 | 5.54 | 9.62 | 5.76 | 5.69 | — | — | — | — | — | 4.81 | 4.89 | 5.02 | 5.27 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,486,800K ÷ $—K
= —
Fixed asset turnover is a financial ratio that measures how efficiently a company is utilizing its fixed assets to generate revenue. In the case of Crane NXT Co, the fixed asset turnover ratio fluctuated over the period from March 31, 2020, to September 30, 2024.
The trend of the fixed asset turnover ratio for Crane NXT Co shows an initial decline from 5.27 on March 31, 2020, to a low of 4.81 on December 31, 2020. This indicates a decrease in the company's ability to generate revenue using its fixed assets efficiently during this period.
However, the ratio starts to improve in the later periods, with an increase to 5.69 on June 30, 2022, and reaching a peak of 11.28 on June 30, 2023. This suggests that Crane NXT Co significantly improved its efficiency in utilizing fixed assets to generate revenue during these periods.
It is important to note that there is missing data for certain periods in the provided dataset, which limits the ability to track the continuous trend of the fixed asset turnover ratio for Crane NXT Co.
Overall, the fluctuation in the fixed asset turnover ratio indicates varying levels of efficiency in utilizing fixed assets to generate revenue over the specified period, with notable improvements seen in the latter part of the timeline.
Peer comparison
Dec 31, 2024