Graco Inc (GGG)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,113,320 | 2,195,610 | 2,143,520 | 1,987,610 | 1,650,120 |
| Property, plant and equipment | US$ in thousands | — | — | 637,394 | 481,107 | 350,750 |
| Fixed asset turnover | — | — | 3.36 | 4.13 | 4.70 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,113,320K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company utilizes its fixed assets to generate sales revenue. In the case of Graco Inc, the trend in fixed asset turnover over the past years shows fluctuations:
- In 2020, Graco Inc had a fixed asset turnover of 4.70, indicating that for every dollar invested in fixed assets, the company generated $4.70 in sales.
- The ratio declined to 4.13 in 2021, suggesting a slight decrease in efficiency in utilizing fixed assets to generate revenue.
- Further decline was seen in 2022, with the fixed asset turnover dropping to 3.36, indicating a potential decrease in the company's operational efficiency.
- No data is available for 2023 and 2024, making it difficult to assess the company's performance during these years.
Overall, the declining trend in fixed asset turnover from 2020 to 2022 may warrant further investigation into Graco Inc's operational efficiency and potential changes in its asset management strategies. Additional information for 2023 and 2024 would provide a more complete picture of the company's performance and help in making informed assessments about its financial health.
Peer comparison
Dec 31, 2024