Itron Inc (ITRI)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,441,340 | 2,167,720 | 1,788,240 | 1,881,840 | 2,072,330 |
| Property, plant and equipment | US$ in thousands | 115,428 | 128,806 | 140,123 | 163,184 | 207,816 |
| Fixed asset turnover | 21.15 | 16.83 | 12.76 | 11.53 | 9.97 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,441,340K ÷ $115,428K
= 21.15
Itron Inc's fixed asset turnover has shown a consistent upward trend over the past five years, increasing from 9.97 in December 2020 to 21.15 in December 2024. This indicates that the company is generating more revenue per dollar of fixed assets invested, reflecting improved efficiency in utilizing its fixed assets to generate sales. The significant increase in fixed asset turnover over this period suggests that Itron Inc has been able to optimize its asset utilization and improve operational efficiency, which can be a positive sign for investors and stakeholders. The rising trend in fixed asset turnover reflects the company's ability to generate sales growth without the need for significant additional investment in fixed assets. This improved efficiency may lead to higher profitability and overall financial performance for Itron Inc.
Peer comparison
Dec 31, 2024