DXP Enterprises Inc (DXPE)
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 | 1,802,040 | 1,738,170 | 1,684,484 | 1,666,968 | 1,678,600 | 1,677,851 | 1,645,916 | 1,585,688 | 1,480,832 | 1,367,686 | 1,269,866 | 1,187,570 | 1,113,775 | 1,053,315 | 984,014 | 949,899 | 1,005,266 | 1,068,045 | 1,175,030 | 1,256,947 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 47,538 | 45,964 | 103,366 | 100,711 | 109,872 | 51,880 | 109,101 | 52,456 | 108,629 | 54,110 | 112,087 | 57,452 | 62,962 | 63,867 |
| Fixed asset turnover | — | — | — | — | — | — | 34.62 | 34.50 | 14.33 | 13.58 | 11.56 | 22.89 | 10.21 | 20.08 | 9.06 | 17.55 | 8.97 | 18.59 | 18.66 | 19.68 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,802,040K ÷ $—K
= —
The fixed asset turnover ratio for DXP Enterprises Inc has shown fluctuations over the past few years. The ratio was relatively high in the first half of 2020, indicating that the company was generating significant sales revenue relative to its fixed assets during that period. However, there was a significant drop in the ratio by the end of 2020, suggesting a decline in efficiency in utilizing fixed assets to generate sales.
Throughout 2021 and the first half of 2022, the fixed asset turnover ratio remained relatively low, indicating a continued inefficiency in utilizing fixed assets to generate sales revenue. However, there was an improvement in the ratio by the end of 2022, suggesting a better utilization of fixed assets to drive sales.
By the first half of 2023, the fixed asset turnover ratio increased significantly, reaching its peak in the first quarter of 2023. This indicates that the company was able to generate a high level of sales revenue relative to its fixed assets during that time. The ratio remained at a high level in the subsequent quarters.
The lack of data for the last few quarters of 2023 and the entirety of 2024 makes it difficult to provide a comprehensive analysis for that period. It is important for the company to maintain or improve its fixed asset turnover ratio to ensure efficient utilization of its assets in generating sales revenue in the future.
Peer comparison
Dec 31, 2024