DXP Enterprises Inc (DXPE)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,802,040 | 1,678,600 | 1,480,830 | 1,113,920 | 1,005,270 |
| Property, plant and equipment | US$ in thousands | — | — | 45,964 | 56,899 | 112,087 |
| Fixed asset turnover | — | — | 32.22 | 19.58 | 8.97 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,802,040K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate revenue. In the case of DXP Enterprises Inc, we observe a significant improvement in the fixed asset turnover ratio over the years.
As of December 31, 2020, the fixed asset turnover ratio was 8.97, which indicates that for every dollar invested in fixed assets, the company generated $8.97 in revenue. Over the following years, the ratio experienced substantial growth, reaching 19.58 as of December 31, 2021, and further increasing to 32.22 by December 31, 2022.
However, there is missing data for the fixed asset turnover ratio for December 31, 2023, and December 31, 2024, represented by "—". This missing information could be due to factors such as incomplete financial data or changes in reporting practices.
Overall, the trend of increasing fixed asset turnover ratios for DXP Enterprises Inc signifies improved efficiency in utilizing its fixed assets to generate sales. The company has been able to generate more revenue relative to its investment in fixed assets, indicating strong operational performance in terms of asset utilization.
Peer comparison
Dec 31, 2024