ESAB Corp (ESAB)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,740,800 | 2,774,770 | 2,593,480 | 2,428,120 | 1,950,070 |
| Property, plant and equipment | US$ in thousands | — | — | 284,226 | 394,222 | 395,868 |
| Fixed asset turnover | — | — | 9.12 | 6.16 | 4.93 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,740,800K ÷ $—K
= —
ESAB Corp's fixed asset turnover ratio has shown significant improvement over the years, increasing from 4.93 in 2020 to 9.12 in 2022. This indicates that the company has been able to generate more revenue relative to its investment in fixed assets, highlighting increased efficiency in utilizing these assets to drive sales. The absence of data for 2023 and 2024 makes it difficult to assess the trend further, but the overall pattern suggests effective management of fixed assets to generate higher turnover. It would be beneficial for ESAB Corp to continue monitoring and optimizing its asset utilization to sustain and potentially enhance this positive performance in the future.
Peer comparison
Dec 31, 2024