Fluor Corporation (FLR)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 16,315,000 | 15,474,000 | 13,744,000 | 12,434,900 | 15,668,500 |
| Property, plant and equipment | US$ in thousands | — | — | 447,000 | 386,589 | 561,084 |
| Fixed asset turnover | — | — | 30.75 | 32.17 | 27.93 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $16,315,000K ÷ $—K
= —
Fluor Corporation's fixed asset turnover ratio has shown a positive trend over the past few years. In 2020, the ratio stood at 27.93, indicating that the company generated $27.93 in revenue for every $1 invested in fixed assets. By the end of 2021, the ratio had increased to 32.17, signaling an improvement in efficiency in utilizing fixed assets to generate revenue. In 2022, the ratio slightly decreased to 30.75 but still remained at a relatively high level.
However, as of December 31, 2023, and 2024, the fixed asset turnover ratios are not available (marked as "—"). This lack of data for these years limits the ability to assess the company's performance in utilizing fixed assets efficiently during these periods.
Overall, the increasing trend in the fixed asset turnover ratio until 2022 suggests that Fluor Corporation was effectively utilizing its fixed assets to generate revenue. However, the absence of data for 2023 and 2024 leaves uncertainty regarding the company's efficiency in this aspect in those years.
Peer comparison
Dec 31, 2024