Eastman Chemical Company (EMN)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 9,382,000 | 9,210,000 | 10,580,000 | 10,476,000 | 8,473,000 |
| Property, plant and equipment | US$ in thousands | — | — | 5,160,000 | 4,996,000 | 5,549,000 |
| Fixed asset turnover | — | — | 2.05 | 2.10 | 1.53 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $9,382,000K ÷ $—K
= —
The fixed asset turnover ratio for Eastman Chemical Company has shown an improving trend over the years, increasing from 1.53 in December 31, 2020, to 2.10 in December 31, 2021, and then slightly decreasing to 2.05 in December 31, 2022. The ratio for December 31, 2023 and December 31, 2024 is not available.
This indicates that Eastman Chemical is generating more revenue from its fixed assets efficiently, as the ratio measures how effectively the company is utilizing its fixed assets to generate sales. The increasing trend in the fixed asset turnover ratio suggests that the company is becoming more efficient in generating sales with its fixed assets.
However, the absence of data for the most recent years makes it challenging to determine the sustainability of this trend in the upcoming periods. Further analysis and monitoring of the fixed asset turnover ratio in the forthcoming years will provide a clearer picture of Eastman Chemical Company's efficiency in utilizing its fixed assets to drive revenue.
Peer comparison
Dec 31, 2024