Flowserve Corporation (FLS)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,557,810 | 4,320,580 | 3,615,120 | 3,541,060 | 3,728,130 |
| Property, plant and equipment | US$ in thousands | — | — | 675,925 | 709,790 | 556,873 |
| Fixed asset turnover | — | — | 5.35 | 4.99 | 6.69 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $4,557,810K ÷ $—K
= —
Flowserve Corporation's fixed asset turnover has shown a fluctuating trend over the years. In 2020, the fixed asset turnover was 6.69, indicating that the company generated $6.69 in sales for every dollar invested in fixed assets. However, this ratio decreased to 4.99 in 2021 and slightly increased to 5.35 in 2022.
The absence of data for 2023 and 2024 limits a comprehensive assessment of the trend. It is recommended to monitor this ratio over time to understand how efficiently Flowserve is utilizing its fixed assets to generate revenue. A higher fixed asset turnover ratio is generally preferred as it signifies more efficient asset utilization. Further analysis of the underlying factors impacting this ratio is necessary to gauge the company's operational efficiency and effectiveness in managing its fixed assets.
Peer comparison
Dec 31, 2024