Genuine Parts Co (GPC)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 23,486,600 | 23,090,600 | 22,096,000 | 18,870,500 | 16,537,400 |
| Property, plant and equipment | US$ in thousands | — | — | 2,430,690 | 1,234,400 | 1,162,040 |
| Fixed asset turnover | — | — | 9.09 | 15.29 | 14.23 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $23,486,600K ÷ $—K
= —
Based on the provided data for Genuine Parts Co's fixed asset turnover, the trend over the years shows fluctuation. The fixed asset turnover ratio increased from 14.23 in December 31, 2020, to 15.29 in December 31, 2021, indicating that the company generated more revenue relative to its fixed assets during this period.
However, there was a significant decrease in the fixed asset turnover ratio to 9.09 in December 31, 2022. This decrease may suggest that the company's efficiency in generating sales from its fixed assets declined during this year.
It is worth noting that there is no data available for December 31, 2023 and December 31, 2024, which makes it challenging to assess the trend for those years. Additional information for these years would be required to provide a more comprehensive analysis of Genuine Parts Co's fixed asset turnover performance during those periods.
Overall, while the company demonstrated improvement in fixed asset turnover initially, the subsequent drop in the ratio raises questions about its efficiency in utilizing fixed assets to generate revenue. Further analysis and context would be necessary to understand the factors contributing to these fluctuations in the fixed asset turnover ratio.