Franklin Electric Co Inc (FELE)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,021,340 | 2,065,130 | 2,043,710 | 1,661,860 | 1,247,330 |
| Property, plant and equipment | US$ in thousands | — | — | 215,154 | 259,033 | 209,021 |
| Fixed asset turnover | — | — | 9.50 | 6.42 | 5.97 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,021,340K ÷ $—K
= —
Franklin Electric Co Inc's fixed asset turnover ratio has been showing a positive trend over the years. It increased from 5.97 in 2020 to 6.42 in 2021 and further to 9.50 in 2022. This indicates that the company is generating more revenue per dollar of fixed assets invested, reflecting efficient utilization of its fixed assets to generate sales. However, the data for 2023 and 2024 is not available (indicated by '—'), making it difficult to assess the ongoing trend. Nonetheless, the upward trend in the fixed asset turnover ratio until 2022 reflects effective management of fixed assets to drive revenue growth.
Peer comparison
Dec 31, 2024