IDEX Corporation (IEX)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,268,800 | 3,194,800 | 3,190,000 | 3,229,000 | 3,273,900 | 3,295,700 | 3,326,300 | 3,276,200 | 3,181,900 | 3,086,000 | 2,974,019 | 2,863,866 | 2,764,802 | 2,664,824 | 2,533,918 | 2,409,220 | 2,351,646 | 2,342,821 | 2,385,954 | 2,466,804 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 534,300 | 421,600 | 397,000 | 382,100 | 303,500 | 323,300 | 325,800 | 327,300 | 314,631 | 418,022 | 302,805 | 298,273 | 293,304 | 281,852 | 283,276 |
| Fixed asset turnover | — | — | — | — | — | 6.17 | 7.89 | 8.25 | 8.33 | 10.17 | 9.20 | 8.79 | 8.45 | 8.47 | 6.06 | 7.96 | 7.88 | 7.99 | 8.47 | 8.71 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,268,800K ÷ $—K
= —
Based on the data provided for IDEX Corporation's fixed asset turnover ratio over a series of quarters, we observe fluctuations in the ratio. The fixed asset turnover ratio measures a company's ability to generate sales in relation to its investment in fixed assets.
From March 31, 2020, to June 30, 2021, the fixed asset turnover ratio remained consistently high, ranging between 6.06 and 9.20, indicating that the company was efficiently utilizing its fixed assets to generate revenue.
However, in the subsequent periods from September 30, 2021, to September 30, 2023, the fixed asset turnover ratio declined significantly, reaching its lowest point at 6.17 on September 30, 2023. This may suggest a decrease in sales generated by the fixed assets or potentially an increase in the value of fixed assets on the balance sheet.
The ratio increased slightly to 8.33 on December 31, 2022, and remained relatively stable until March 31, 2023, at 8.25. This stability could indicate improvements in the utilization of fixed assets or adjustments in the asset base.
Notably, from June 30, 2023, to December 31, 2023, the fixed asset turnover ratio could not be calculated as data is missing. This missing data hinders a comprehensive assessment of the trend during this period.
Overall, the company's fixed asset turnover ratio has shown variability over the analyzed periods, with periods of both efficiency and potential challenges in asset utilization. Further analysis of the context surrounding these fluctuations would be beneficial to fully understand the company's operational performance and financial health.
Peer comparison
Dec 31, 2024