Franklin Electric Co Inc (FELE)
Fixed asset turnover
| 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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,021,341 | 2,008,566 | 2,015,559 | 2,041,482 | 2,065,133 | 2,081,594 | 2,094,835 | 2,076,792 | 2,043,711 | 1,986,800 | 1,894,147 | 1,780,289 | 1,661,865 | 1,550,451 | 1,442,622 | 1,313,623 | 1,247,331 | 1,246,332 | 1,243,558 | 1,290,617 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 224,464 | 220,592 | 215,154 | 255,522 | 258,322 | 214,190 | 259,033 | 242,151 | 246,304 | 205,137 | 209,021 | 186,767 | 186,363 | 188,646 |
| Fixed asset turnover | — | — | — | — | — | — | 9.33 | 9.41 | 9.50 | 7.78 | 7.33 | 8.31 | 6.42 | 6.40 | 5.86 | 6.40 | 5.97 | 6.67 | 6.67 | 6.84 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,021,341K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate sales. A higher ratio indicates that the company is generating more sales relative to its investment in fixed assets.
Analyzing the fixed asset turnover of Franklin Electric Co Inc over the given periods, we observe fluctuations in the ratio:
- The ratio was relatively stable around 6.5 to 7 in the earlier periods up to December 2021, indicating a consistent turnover of fixed assets to sales.
- In the periods from March 2022 to June 2023, there was an increase in the ratio, peaking at 9.50 in December 2022. This surge suggests improved efficiency in utilizing fixed assets to generate sales during this period.
- However, the ratio dropped slightly in the subsequent periods, remaining above 7, indicating that Franklin Electric Co Inc continued to maintain a relatively high level of fixed asset turnover efficiency.
- The data for the latter periods beyond September 2023 is not available, but the trend suggests that the company has historically shown good efficiency in utilizing its fixed assets to generate sales.
Overall, Franklin Electric Co Inc has demonstrated varying levels of efficiency in utilizing its fixed assets to generate sales, with some periods showing notable improvement in asset turnover.
Peer comparison
Dec 31, 2024