International Seaways Inc (INSW)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 951,613 | 1,071,780 | 864,665 | 272,546 | 421,648 |
| Property, plant and equipment | US$ in thousands | — | — | 1,922,420 | 1,802,850 | 1,108,210 |
| Fixed asset turnover | — | — | 0.45 | 0.15 | 0.38 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $951,613K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company utilizes its fixed assets to generate sales. In the case of International Seaways Inc, the fixed asset turnover has shown fluctuating trends over the years.
- In December 31, 2020, the fixed asset turnover was 0.38, indicating that the company generated $0.38 in revenue for every dollar of fixed assets.
- However, in December 31, 2021, the ratio decreased to 0.15, suggesting a decline in the efficiency of utilizing fixed assets to generate sales.
- By December 31, 2022, the fixed asset turnover improved to 0.45, showing a positive trend in asset utilization efficiency.
- Unfortunately, for December 31, 2023 and December 31, 2024, the fixed asset turnover data is not available, making it difficult to assess the company's performance in those years.
In conclusion, while the company has experienced fluctuations in fixed asset turnover, there seems to be an overall improvement in asset utilization efficiency based on the available data. It would be important to monitor future trends to evaluate the company's ongoing operational efficiency and financial performance.
Peer comparison
Dec 31, 2024