Fastenal Company (FAST)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,549,800 | 7,340,200 | 6,965,200 | 6,002,300 | 5,639,000 |
| Property, plant and equipment | US$ in thousands | 1,056,600 | 1,011,100 | 1,010,000 | 1,019,200 | 1,030,700 |
| Fixed asset turnover | 7.15 | 7.26 | 6.90 | 5.89 | 5.47 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $7,549,800K ÷ $1,056,600K
= 7.15
Fastenal Company's fixed asset turnover has shown a positive trend over the past five years, increasing from 5.47 in 2020 to 7.15 in 2024. This indicates that the company generated $7.15 in sales for every dollar invested in fixed assets by the end of 2024. The rising trend suggests that Fastenal has been more efficient in utilizing its fixed assets to generate sales over the years. This improvement in fixed asset turnover signifies better asset utilization and operational efficiency within the company. Overall, the increasing trend in fixed asset turnover reflects positively on Fastenal's ability to generate sales from its fixed asset base.
Peer comparison
Dec 31, 2024