Chart Industries Inc (GTLS)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,160,300 | 3,352,500 | 1,612,400 | 1,317,700 | 1,177,100 |
| Property, plant and equipment | US$ in thousands | — | — | 430,000 | 416,000 | 414,500 |
| Fixed asset turnover | — | — | 3.75 | 3.17 | 2.84 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $4,160,300K ÷ $—K
= —
To analyze Chart Industries Inc's fixed asset turnover, we look at the trend over the years provided in the data. The fixed asset turnover ratio measures a company's efficiency in generating sales revenue from its investment in fixed assets.
The fixed asset turnover ratio for Chart Industries Inc has shown a positive trend from 2.84 in December 31, 2020, to 3.17 in December 31, 2021, and further increasing to 3.75 in December 31, 2022. This indicates that the company is able to generate a higher level of sales from its investment in fixed assets.
However, it is important to note that the data for December 31, 2023, and December 31, 2024 is not available (denoted by "—"). This missing data prevents us from fully evaluating the trend and making a comprehensive analysis of the fixed asset turnover for these years.
In conclusion, based on the available data, the increasing trend in Chart Industries Inc's fixed asset turnover ratio suggests improved efficiency in utilizing its fixed assets to generate sales revenue. The company's management may want to continue monitoring and optimizing this ratio to ensure effective utilization of its fixed assets.