Eaton Corporation PLC (ETN)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 24,878,000 | 23,196,000 | 20,752,000 | 19,628,000 | 17,858,000 |
| Property, plant and equipment | US$ in thousands | — | — | 3,716,000 | 3,506,000 | 2,964,000 |
| Fixed asset turnover | — | — | 5.58 | 5.60 | 6.02 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $24,878,000K ÷ $—K
= —
The fixed asset turnover ratio for Eaton Corporation PLC has shown a decreasing trend over the years. In 2020, the ratio was at a relatively high level of 6.02, indicating that the company generated $6.02 in revenue for every dollar invested in fixed assets. However, by the end of 2021, the ratio decreased to 5.60, and it further declined to 5.58 by the end of 2022.
The absence of data for 2023 and 2024 makes it challenging to provide a complete assessment of the trend. If there has been a strategic shift in operations or capital allocation during these years, further information would be needed to understand the impact on fixed asset turnover.
Overall, the decreasing trend in fixed asset turnover suggests that Eaton Corporation PLC may be experiencing challenges in efficiently utilizing its fixed assets to generate revenue. This trend warrants closer examination to identify potential inefficiencies in asset management and operational performance.
Peer comparison
Dec 31, 2024