Franklin Electric Co Inc (FELE)
Total 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 |
| Total assets | US$ in thousands | 1,820,610,000 | 1,728,120 | 1,694,200 | 1,575,160 | 1,272,310 |
| Total asset turnover | 0.00 | 1.20 | 1.21 | 1.06 | 0.98 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,021,340K ÷ $1,820,610,000K
= 0.00
Franklin Electric Co Inc's total asset turnover ratio has shown fluctuations over the years. The ratio increased from 0.98 in December 31, 2020, to 1.06 in December 31, 2021, indicating that the company generated more revenue relative to its total assets. This trend continued with further improvement to 1.21 by December 31, 2022, suggesting increased efficiency in asset utilization. However, there was a slight dip to 1.20 by December 31, 2023. Notably, there is missing or incomplete data for December 31, 2024, reflected in a total asset turnover of 0.00, which may require additional information or investigation.
Overall, an increasing trend in total asset turnover indicates that Franklin Electric Co Inc has been utilizing its assets more effectively to generate sales. However, the anomaly in the data for December 31, 2024, requires further clarification to provide a more comprehensive analysis of the company's performance.
Peer comparison
Dec 31, 2024