IDEX Corporation (IEX)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,268,800 | 3,273,900 | 3,181,900 | 2,764,800 | 2,351,650 |
| Property, plant and equipment | US$ in thousands | — | — | 382,100 | 327,300 | 298,273 |
| Fixed asset turnover | — | — | 8.33 | 8.45 | 7.88 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,268,800K ÷ $—K
= —
Fixed asset turnover is a critical financial ratio that indicates how efficiently a company is utilizing its fixed assets to generate revenue. In the case of IDEX Corporation, the fixed asset turnover has shown a positive trend over the past few years.
As of December 31, 2020, the fixed asset turnover stood at 7.88, indicating that for every dollar of fixed assets, the company generated $7.88 in sales. This ratio improved to 8.45 by December 31, 2021, suggesting a higher level of efficiency in asset utilization.
Despite a slight decrease to 8.33 by December 31, 2022, the ratio remains relatively high, highlighting the company's ability to generate revenue from its fixed assets effectively. Notably, the data for December 31, 2023, and December 31, 2024, is not available, making it challenging to assess the performance accurately for those periods.
Overall, the increasing trend in fixed asset turnover for IDEX Corporation reflects a positive sign of effective asset management and operational efficiency, which is essential for sustainable growth and profitability. It indicates that the company is making efficient use of its fixed assets to drive sales and enhance shareholder value.
Peer comparison
Dec 31, 2024