Eastman Chemical Company (EMN)
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 | 9,377,000 | 9,337,000 | 10,923,000 | 10,887,000 | 10,991,000 | 11,159,000 | 9,818,000 | 10,278,000 | 10,580,000 | 10,901,000 | 10,912,000 | 10,781,000 | 10,476,000 | 9,968,000 | 9,370,000 | 8,641,000 | 8,473,000 | 8,492,000 | 8,695,000 | 9,134,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 5,426,000 | 5,402,000 | 5,258,000 | 5,160,000 | 5,187,000 | 4,959,000 | 4,997,000 | 4,996,000 | 5,356,000 | 5,340,000 | 5,466,000 | 5,549,000 | 5,489,000 | 5,478,000 | 5,498,000 |
| Fixed asset turnover | — | — | — | — | — | 2.06 | 1.82 | 1.95 | 2.05 | 2.10 | 2.20 | 2.16 | 2.10 | 1.86 | 1.75 | 1.58 | 1.53 | 1.55 | 1.59 | 1.66 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $9,377,000K ÷ $—K
= —
The fixed asset turnover of Eastman Chemical Company has shown fluctuating trends over the years. From March 31, 2020, to June 30, 2021, the company experienced a gradual increase in its fixed asset turnover ratio, indicating that it was generating more revenue per dollar of fixed assets invested.
However, from September 30, 2021, to March 31, 2023, the ratio fluctuated, suggesting some variability in the company's efficiency in utilizing its fixed assets to generate revenue during these periods.
The ratio hit its peak at 2.20 on June 30, 2022, indicating the company was generating $2.20 in revenue for every dollar of fixed assets invested. This peak was followed by a slight decline in the ratio to 1.82 on June 30, 2023.
The fixed asset turnover ratio for the subsequent periods, from September 30, 2023, onwards, has shown some improvements, indicating that the company is potentially becoming more efficient in utilizing its fixed assets to generate revenue.
As of December 31, 2023, the ratio stood at 2.06, showing a positive trend towards better asset utilization. However, data was not available beyond this date.
Overall, fluctuations in the fixed asset turnover ratio of Eastman Chemical Company suggest varying levels of efficiency in generating revenue from its fixed assets over the analyzed periods. Further analysis of the company's operational and financial performance would be necessary to understand the factors contributing to these fluctuations and assess the company's overall financial health.
Peer comparison
Dec 31, 2024