Fresh Del Monte Produce Inc (FDP)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,280,200 | 4,320,700 | 4,442,300 | 4,252,000 | 4,202,300 |
| Property, plant and equipment | US$ in thousands | 1,191,600 | 1,256,400 | 1,309,500 | 1,415,800 | 1,420,300 |
| Fixed asset turnover | 3.59 | 3.44 | 3.39 | 3.00 | 2.96 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $4,280,200K ÷ $1,191,600K
= 3.59
Fresh Del Monte Produce Inc's fixed asset turnover has been steadily increasing over the past five years, showing a positive trend. The company's fixed asset turnover ratio improved from 2.96 in December 2020 to 3.59 in December 2024, indicating that the company is generating more revenue from its fixed assets.
A high fixed asset turnover ratio signifies that the company is efficiently utilizing its fixed assets to generate sales. Fresh Del Monte Produce Inc's increasing fixed asset turnover ratio reflects that the company is effectively managing its fixed assets to drive revenue growth.
Overall, the trend in Fresh Del Monte Produce Inc's fixed asset turnover ratio indicates operational efficiency and effective asset utilization, which are positive signs for the company's financial health and management of its fixed assets.
Peer comparison
Dec 31, 2024