Dana Inc (DAN)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,387,000 | 10,032,000 | 8,787,000 | 6,968,000 | 8,478,000 |
| Property, plant and equipment | US$ in thousands | 2,311,000 | 2,193,000 | 2,199,000 | 2,251,000 | 2,265,000 |
| Fixed asset turnover | 4.49 | 4.57 | 4.00 | 3.10 | 3.74 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $10,387,000K ÷ $2,311,000K
= 4.49
Dana Inc's fixed asset turnover has shown a fluctuating trend over the past five years. The ratio stood at 4.57 in 2023, indicating that the company generated $4.57 in sales revenue for every $1 invested in fixed assets during the year. This represents a slight decrease from the previous year's ratio of 4.63. The company's efficiency in utilizing fixed assets to generate sales improved in 2022 compared to 2021 when the ratio was 4.07.
In 2020, Dana Inc's fixed asset turnover was notably lower at 3.16, suggesting a decline in efficiency in utilizing fixed assets to generate sales compared to the previous year. However, the company's performance improved in 2019 with a ratio of 3.81, indicating an increase in sales generated per dollar of fixed assets invested.
Overall, Dana Inc's fixed asset turnover has shown variability over the years, with some fluctuations in efficiency in converting fixed assets into sales revenue. Further analysis of the company's operational and strategic changes may provide insights into the factors influencing these fluctuations in fixed asset turnover.
Peer comparison
Dec 31, 2023