Fortive Corp (FTV)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,256,100 | 5,923,600 | 5,709,200 | 5,059,600 | 4,504,200 |
| Property, plant and equipment | US$ in thousands | 433,100 | 439,800 | 421,900 | 395,500 | 422,000 |
| Fixed asset turnover | 14.44 | 13.47 | 13.53 | 12.79 | 10.67 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $6,256,100K ÷ $433,100K
= 14.44
Fortive Corp's fixed asset turnover has shown a consistent upward trend over the past five years, increasing from 10.67 in December 2020 to 14.44 in December 2024. This indicates that the company has been able to generate more revenue relative to its investment in fixed assets. A higher fixed asset turnover ratio suggests that Fortive Corp is utilizing its fixed assets efficiently to generate sales. This improvement may reflect effective management of the company's assets or increased productivity in its operations, leading to higher financial performance and profitability. Overall, the increasing trend in fixed asset turnover demonstrates Fortive Corp's ability to optimize the utilization of its fixed assets and generate more sales per dollar invested in these assets.
Peer comparison
Dec 31, 2024