Dana Inc (DAN)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,284,000 | 10,555,000 | 10,156,000 | 8,945,000 | 7,106,000 |
| Property, plant and equipment | US$ in thousands | — | — | 2,504,000 | 2,446,000 | 2,441,000 |
| Fixed asset turnover | — | — | 4.06 | 3.66 | 2.91 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $10,284,000K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate sales revenue. In the case of Dana Inc, the trend in the fixed asset turnover ratio has been positive over the years.
In 2020, the fixed asset turnover ratio was 2.91, indicating that for every dollar of fixed assets, the company generated $2.91 in sales revenue. This ratio improved significantly to 3.66 in 2021 and further increased to 4.06 in 2022.
The improvement in the fixed asset turnover ratio suggests that Dana Inc is becoming more efficient in utilizing its fixed assets to generate sales, which is a positive sign for the company's operational efficiency.
It is worth noting that the data for 2023 and 2024 is not available (represented as "—"), which could be due to various reasons such as data unavailability or reporting delays. Monitoring the fixed asset turnover ratio in the upcoming years will provide further insights into Dana Inc's efficiency in utilizing its fixed assets.
Peer comparison
Dec 31, 2024