DXP Enterprises Inc (DXPE)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,624,650 | 1,451,700 | 1,093,110 | 982,407 | 1,247,510 |
| Property, plant and equipment | US$ in thousands | 49,898 | 45,964 | 51,880 | 56,899 | 64,000 |
| Fixed asset turnover | 32.56 | 31.58 | 21.07 | 17.27 | 19.49 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,624,650K ÷ $49,898K
= 32.56
DXP Enterprises Inc's fixed asset turnover has shown a consistent increase over the 5-year period from 2019 to 2023. The ratio has improved from 19.49 in 2019 to 32.56 in 2023. This indicates that the company is generating more revenue relative to its investment in fixed assets, highlighting increased efficiency in utilizing its fixed assets to generate sales. A higher fixed asset turnover ratio generally signifies better operational performance and asset utilization. This upward trend suggests that DXP Enterprises Inc has been effectively managing and leveraging its fixed assets to drive revenue growth over the years.
Peer comparison
Dec 31, 2023