International Seaways Inc (INSW)

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	951,613	1,007,734	829,787	864,581	877,310	964,733	1,154,319	1,050,313	864,665	621,178	469,165	377,539	322,813	284,846	299,913	343,067	421,648	488,967	460,362	389,647
Property, plant and equipment	US$ in thousands	—	—	—	—	—	2,042,790	1,977,640	1,775,650	1,922,420	1,707,780	1,873,290	1,773,260	1,931,060	1,908,930	1,126,760	1,097,850	1,108,210	1,262,470	1,341,980	1,353,170
Fixed asset turnover		—	—	—	—	—	0.47	0.58	0.59	0.45	0.36	0.25	0.21	0.17	0.15	0.27	0.31	0.38	0.39	0.34	0.29

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $951,613K ÷ $—K
= —

The fixed asset turnover ratio for International Seaways Inc has shown fluctuations over the past few years, reflecting the efficiency of the company in generating revenue from its investments in fixed assets.

From March 2020 to June 2021, the fixed asset turnover ratio ranged between 0.29 to 0.27, indicating a relatively lower efficiency in utilizing its fixed assets to generate sales. However, there was a notable improvement in the ratio by September 2022, reaching 0.36 and eventually peaking at 0.59 by March 2023. These increases suggest that the company was able to generate more revenue per dollar invested in fixed assets during this period.

However, the fixed asset turnover ratio declined to 0.47 by September 2023 and remained unchanged at this level until December 2023. Subsequently, the data for the fixed asset turnover ratio is not available for the period from March 2024 onwards.

Overall, the trend in the fixed asset turnover ratio indicates varying levels of efficiency in utilizing fixed assets to generate sales for International Seaways Inc. Investors and analysts may want to further investigate the underlying reasons for these fluctuations to assess the company's operational performance and future prospects.