ESAB Corp (ESAB)
Fixed asset turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,774,766 | 2,749,545 | 2,688,814 | 2,629,569 | 2,593,480 | |||
| Property, plant and equipment | US$ in thousands | 294,305 | 276,295 | 281,809 | 283,808 | 284,226 | 265,185 | 276,064 | 280,592 |
| Fixed asset turnover | 9.43 | 9.95 | 9.54 | 9.27 | 9.12 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,774,766K ÷ $294,305K
= 9.43
The fixed asset turnover ratio for ESAB Corp has remained relatively stable over the past five quarters, ranging from 9.12 to 9.95. This ratio indicates that ESAB Corp generates approximately 9 to 10 times in revenue for every dollar invested in fixed assets. A high fixed asset turnover ratio suggests efficient utilization of fixed assets to generate sales revenue. ESAB Corp's consistent high fixed asset turnover ratios demonstrate effective management of its fixed assets to drive revenue generation. Overall, ESAB Corp's strong fixed asset turnover ratios reflect efficient operations and effective asset utilization.
Peer comparison
Dec 31, 2023