Dow Inc (DOW)
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 | 42,964,000 | 43,180,000 | 43,031,000 | 43,536,000 | 44,622,000 | 45,860,000 | 49,245,000 | 53,489,000 | 56,902,000 | 59,407,000 | 60,129,000 | 58,350,000 | 54,968,000 | 51,310,000 | 46,185,000 | 40,654,000 | 38,542,000 | 38,040,000 | 39,092,000 | 41,752,000 |
| Property, plant and equipment | US$ in thousands | 22,004,000 | 22,093,000 | 21,590,000 | 21,261,000 | 21,066,000 | 20,560,000 | 20,402,000 | 20,323,000 | 20,442,000 | 20,032,000 | 20,160,000 | 20,347,000 | 20,555,000 | 19,648,000 | 19,864,000 | 19,897,000 | 20,239,000 | 20,413,000 | 20,618,000 | 20,806,000 |
| Fixed asset turnover | 1.95 | 1.95 | 1.99 | 2.05 | 2.12 | 2.23 | 2.41 | 2.63 | 2.78 | 2.97 | 2.98 | 2.87 | 2.67 | 2.61 | 2.33 | 2.04 | 1.90 | 1.86 | 1.90 | 2.01 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $42,964,000K ÷ $22,004,000K
= 1.95
Dow Inc's fixed asset turnover ratio has shown a fluctuating trend over the reporting periods provided. The ratio, which measures the efficiency of the company in generating revenue from its investment in fixed assets, started at 2.01 in March 2020. It exhibited a slight decrease by June 2020 to 1.90 and remained relatively stable around this level until December 2020.
From March 2021 onwards, there was a significant improvement in the fixed asset turnover ratio, reaching its peak at 2.98 in June 2022. This upward trend indicates that Dow Inc was able to increase its revenue generated from fixed assets more efficiently during this period.
However, starting from September 2022, the ratio began to decline gradually, dropping to 1.95 by December 2024. This decrease suggests a potential decrease in the company's ability to utilize its fixed assets to generate revenue efficiently.
Overall, Dow Inc has experienced fluctuations in its fixed asset turnover ratio over the reporting periods, with periods of improvement followed by declines. Further analysis would be needed to understand the factors driving these fluctuations and assess the company's overall performance in managing its fixed assets efficiently.
Peer comparison
Dec 31, 2024