ESAB Corp (ESAB)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,740,803 | 2,759,395 | 2,767,141 | 2,780,510 | 2,774,766 | 2,749,545 | 2,688,814 | 2,629,569 | 2,593,480 | 2,553,568 | 2,539,271 | 2,507,898 | 2,428,115 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 367,991 | 281,809 | 283,808 | 284,226 | 265,185 | 381,247 | 280,592 | — |
| Fixed asset turnover | — | — | — | — | — | 7.47 | 9.54 | 9.27 | 9.12 | 9.63 | 6.66 | 8.94 | — |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,740,803K ÷ $—K
= —
ESAB Corp's fixed asset turnover ratio measures the efficiency with which the company utilizes its fixed assets to generate sales revenue. A higher fixed asset turnover indicates that the company is generating more sales relative to its investment in fixed assets.
From the data provided, we observe fluctuations in ESAB Corp's fixed asset turnover over the quarters. The ratio ranges from a low of 6.66 in June 30, 2022, to a high of 9.63 in September 30, 2022, suggesting a varying efficiency in utilizing fixed assets to generate sales.
The company's fixed asset turnover notably increased to 9.27 in March 31, 2023, and further to 9.54 in June 30, 2023, indicating improved efficiency during these periods. However, the ratio declined to 7.47 in September 30, 2023, before slightly recovering to 9.12 in December 31, 2022.
The absence of data for the latter half of 2024 makes it difficult to assess the recent performance of ESAB Corp's fixed asset turnover.
Overall, ESAB Corp's fixed asset turnover has shown some variability, with periods of both improvement and decline. Further analysis of the underlying factors impacting these fluctuations would be necessary to gain a more comprehensive understanding of the company's utilization of fixed assets to drive sales.
Peer comparison
Dec 31, 2024