Ecolab Inc (ECL)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	15,741,400	15,320,200	14,187,800	12,733,100	11,790,200
Property, plant and equipment	US$ in thousands	—	—	3,741,600	3,685,300	3,124,900
Fixed asset turnover		—	—	3.79	3.46	3.77

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $15,741,400K ÷ $—K
= —

Fixed asset turnover is a financial ratio that measures a company's ability to generate revenue from its fixed assets. Looking at the data provided for Ecolab Inc, we can see that the fixed asset turnover ratio has fluctuated over the years.

In December 31, 2020, the fixed asset turnover was 3.77, indicating that for every dollar invested in fixed assets, Ecolab generated $3.77 in sales. This suggests that the company efficient in utilizing its fixed assets to generate revenue.

However, by December 31, 2021, the fixed asset turnover ratio decreased to 3.46, showing a slight decline in the company's ability to generate revenue from its fixed assets. This could indicate potential inefficiencies or changes in the company's operations.

Subsequently, by December 31, 2022, the fixed asset turnover ratio improved to 3.79, surpassing the initial ratio in 2020. This improvement signals a more efficient utilization of fixed assets to drive sales.

Unfortunately, there is no data available for December 31, 2023 and December 31, 2024, indicating a gap in the information. It would be important to consider additional factors that could be impacting these missing years.

Overall, the analysis of Ecolab Inc's fixed asset turnover ratio suggests fluctuations in the company's ability to generate revenue from its fixed assets, emphasizing the need for further investigation into the company's operational efficiency and asset utilization.