GXO Logistics Inc (GXO)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 11,709,000 | 9,778,000 | 8,993,000 | 7,940,000 | 6,195,000 |
| Property, plant and equipment | US$ in thousands | — | — | 3,187,000 | 2,635,000 | 2,204,000 |
| Fixed asset turnover | — | — | 2.82 | 3.01 | 2.81 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $11,709,000K ÷ $—K
= —
GXO Logistics Inc's fixed asset turnover ratio shows a positive trend over the years, starting at 2.81 in December 2020, increasing to 3.01 in December 2021, and then slightly decreasing to 2.82 in December 2022. The significant increase in turnover from 2020 to 2021 indicates that the company is efficiently utilizing its fixed assets to generate revenue. However, the slight decline in 2022 suggests a possible dip in asset utilization efficiency.
The data for December 2023 and December 2024 being marked as "—", indicates that the fixed asset turnover ratio is not available for those periods. It is essential for investors and analysts to closely monitor the company's fixed asset turnover in future periods to assess its ability to generate revenue relative to its fixed asset base.
Peer comparison
Dec 31, 2024