FMC Corporation (FMC)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,246,100 | 4,486,800 | 5,802,300 | 5,045,200 | 4,642,100 |
| Property, plant and equipment | US$ in thousands | — | — | 849,600 | 817,000 | 771,700 |
| Fixed asset turnover | — | — | 6.83 | 6.18 | 6.02 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $4,246,100K ÷ $—K
= —
From the provided data, we can observe the trends in FMC Corporation's fixed asset turnover ratio over the years. The fixed asset turnover ratio measures the efficiency of a company in generating sales revenue from its investment in fixed assets.
In 2020, the fixed asset turnover ratio for FMC Corporation was 6.02, indicating that the company generated $6.02 in sales for every dollar invested in fixed assets. Over the next few years, this ratio has shown a consistent improvement. By the end of 2021, the ratio increased to 6.18, suggesting that the company is utilizing its fixed assets more efficiently to generate sales revenue.
Moreover, the ratio further improved to 6.83 by the end of 2022, indicating a continuous upward trend in asset utilization. This signifies that FMC Corporation has been effectively managing its fixed assets to drive revenue growth.
However, the data for 2023 and 2024 is missing, represented by dashes. Without this information, we cannot assess the company's performance in those years. It would be essential for FMC Corporation to provide complete data for a comprehensive analysis of its fixed asset turnover ratio in those years.
Overall, the increasing trend in the fixed asset turnover ratio for FMC Corporation from 2020 to 2022 reflects the company's efficiency in generating sales from its fixed assets. This indicates positive asset management and operational performance, which could potentially enhance the company's profitability and competitiveness in the market.
Peer comparison
Dec 31, 2024