Dover Corporation (DOV)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,745,910 | 8,438,130 | 8,508,090 | 7,907,080 | 6,683,760 |
| Property, plant and equipment | US$ in thousands | — | — | 1,004,820 | 957,310 | 897,326 |
| Fixed asset turnover | — | — | 8.47 | 8.26 | 7.45 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $7,745,910K ÷ $—K
= —
Dover Corporation's fixed asset turnover has shown a positive trend over the years, increasing from 7.45 in 2020 to 8.26 in 2021 and further to 8.47 in 2022. This indicates that the company is generating more revenue relative to its investment in fixed assets, which is a favorable sign of operational efficiency. However, the data for 2023 and 2024 is not available, making it difficult to assess the continuation of this trend. Overall, the increasing trend in fixed asset turnover suggests that Dover Corporation is utilizing its fixed assets effectively to drive revenue growth.
Peer comparison
Dec 31, 2024