GATX Corporation (GATX)

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	1,585,500	1,540,700	1,495,400	1,451,900	1,410,900	1,364,900	1,325,800	1,295,300	1,273,000	1,271,300	1,263,800	1,268,200	1,257,400	1,241,300	1,232,200	1,215,600	1,209,200	1,204,800	1,199,200	1,196,200
Property, plant and equipment	US$ in thousands	10,449,700	10,376,400	9,911,800	9,619,800	9,411,200	9,015,400	8,870,700	8,491,900	8,250,300	7,858,200	7,890,900	7,874,900	7,784,800	7,673,500	7,582,700	7,523,200	7,170,700	6,844,200	6,628,400	6,750,400
Fixed asset turnover		0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.17	0.18	0.18	0.18

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,585,500K ÷ $10,449,700K
= 0.15

The fixed asset turnover ratio of GATX Corporation has been relatively stable between 0.15 and 0.18 over the years 2020 to 2024. This indicates that the company generates revenue efficiently in relation to its investment in fixed assets. A consistent ratio suggests that GATX is effectively utilizing its fixed assets to generate sales. However, the slight decline from 0.18 in March 2020 to 0.15 by December 2024 may indicate a potential decrease in the company's ability to generate sales from its fixed assets in recent years. Further analysis of the company's operational efficiency and asset management practices could provide additional insights into this trend.