Dover Corporation (DOV)
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 | 8,185,610 | 8,361,500 | 8,531,230 | 8,453,060 | 8,438,140 | 8,471,560 | 8,476,580 | 8,535,210 | 8,508,090 | 8,358,150 | 8,218,130 | 8,091,090 | 7,907,090 | 7,698,240 | 7,428,230 | 6,895,730 | 6,683,770 | 6,678,970 | 6,756,050 | 7,067,580 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 992,157 | 1,016,210 | 1,011,710 | 1,004,820 | 958,894 | 963,780 | 960,130 | 957,310 | 906,268 | 895,551 | 881,131 | 897,326 | 879,620 | 858,274 | 841,813 |
| Fixed asset turnover | — | — | — | — | — | 8.54 | 8.34 | 8.44 | 8.47 | 8.72 | 8.53 | 8.43 | 8.26 | 8.49 | 8.29 | 7.83 | 7.45 | 7.59 | 7.87 | 8.40 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $8,185,610K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate sales. The trend in Dover Corporation's fixed asset turnover over the past few years shows a generally upward trajectory, with the ratio increasing from 8.40 in March 2020 to 8.47 in December 2022. This indicates that the company is generating more sales relative to its investment in fixed assets.
There were some fluctuations in the fixed asset turnover ratio during this period, with slight decreases in the ratio observed in some quarters, such as in September 2020 (7.59) and December 2021 (8.26). However, overall, the trend has been positive.
Additionally, the ratio increased notably in certain quarters, such as in September 2021 (8.49) and September 2022 (8.72), suggesting improved efficiency in utilizing fixed assets to generate revenue during those periods.
It is also noteworthy that from December 2023 onwards, the data for fixed asset turnover is not available (indicated by "—"), which may limit the ability to assess the company's recent performance in this aspect.
In conclusion, based on the available data, Dover Corporation has shown a generally positive trend in its fixed asset turnover ratio, indicating improved efficiency in utilizing fixed assets to drive sales over the analyzed period.
Peer comparison
Dec 31, 2024