Element Solutions Inc (ESI)
Fixed asset turnover
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,475,600 | 2,456,900 | 2,406,100 | 2,360,400 | 2,333,800 | 2,333,200 | 2,333,600 | 2,352,800 | 2,443,600 | 2,549,400 | 2,622,500 | 2,620,200 | 2,529,900 | 2,399,800 | 2,289,500 | 2,150,800 | 1,951,200 | 1,853,700 | 1,771,800 | 1,759,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 279,200 | 282,500 | 277,600 | 277,200 | 263,400 | 265,700 | 275,000 | 278,100 | 270,700 | 242,400 | 235,300 | 240,400 | 234,600 | 254,200 |
| Fixed asset turnover | — | — | — | — | — | — | 8.36 | 8.33 | 8.80 | 9.20 | 9.96 | 9.86 | 9.20 | 8.63 | 8.46 | 8.87 | 8.29 | 7.71 | 7.55 | 6.92 |
March 31, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,475,600K ÷ $—K
= —
The fixed asset turnover ratio of Element Solutions Inc. demonstrates a general upward trend from June 30, 2020, through September 30, 2022, indicating an increasing efficiency in utilizing fixed assets to generate sales. Specifically, the ratio rose from 6.92 in mid-2020 to a peak of 9.96 at the end of September 2022. This progression suggests that the company has become more effective at leveraging its fixed assets over this period.
Between September 30, 2022, and March 31, 2023, the ratio experienced a decline from 9.96 to 8.80, reflecting a decrease in efficiency. This decline continued into the subsequent quarters, reaching 8.33 as of June 30, 2023, and slightly rising again to 8.36 by September 30, 2023. The fluctuations within this period could indicate shifts in operational efficiency, asset utilization strategies, or changes in sales levels relative to fixed assets.
Overall, the data indicates that Element Solutions Inc. improved its fixed asset utilization significantly from mid-2020 through late 2022, but experienced a downturn starting in early 2023. This pattern suggests a period of operational optimization followed by a phase of reduced asset efficiency or sales performance relative to its fixed asset base. The ratios beyond September 2023 are not available, precluding further analysis of trends beyond this date.
Peer comparison
Mar 31, 2025