Flowserve Corporation (FLS)
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 | 4,557,810 | 4,542,640 | 4,504,270 | 4,427,760 | 4,320,585 | 4,194,365 | 3,972,526 | 3,774,368 | 3,615,121 | 3,495,617 | 3,488,854 | 3,504,810 | 3,541,060 | 3,606,912 | 3,665,095 | 3,691,882 | 3,729,031 | 3,811,893 | 3,884,136 | 3,949,255 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 649,107 | 500,075 | 496,434 | 675,925 | 646,666 | 487,299 | 506,655 | 709,790 | 707,474 | -903,690 | 534,899 | 556,873 | 551,011 | 541,768 | 550,853 |
| Fixed asset turnover | — | — | — | — | — | 6.46 | 7.94 | 7.60 | 5.35 | 5.41 | 7.16 | 6.92 | 4.99 | 5.10 | — | 6.90 | 6.70 | 6.92 | 7.17 | 7.17 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,557,810K ÷ $—K
= —
Flowserve Corporation's fixed asset turnover ratio has shown fluctuations over the past few years. The ratio was relatively stable around 7 in the fiscal years ending June 2020 and March 2021. However, it started to decline from September 2021 to December 2022, indicating a decrease in the efficiency of utilizing fixed assets to generate sales. This could be a sign of underutilization or aging of fixed assets.
The ratio improved in the subsequent quarters, reaching its peak at 7.94 in June 2023, suggesting better efficiency in generating sales from fixed assets. However, it declined again in the following quarters. The lack of data for the fiscal years ending December 2023 and beyond limits a detailed analysis, but the trend indicates a need for further monitoring of fixed asset efficiency and potential strategic adjustments to improve performance.
Overall, the fluctuating trend in Flowserve Corporation's fixed asset turnover ratio signals varying levels of efficiency in utilizing fixed assets to generate sales, which may require management attention to optimize asset utilization and profitability.
Peer comparison
Dec 31, 2024