ITT Inc (ITT)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,630,700 | 3,283,000 | 2,987,700 | 2,765,000 | 2,477,800 |
| Property, plant and equipment | US$ in thousands | 577,200 | 561,000 | 526,800 | 509,100 | 525,100 |
| Fixed asset turnover | 6.29 | 5.85 | 5.67 | 5.43 | 4.72 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,630,700K ÷ $577,200K
= 6.29
The fixed asset turnover ratio for ITT Inc has shown a consistent and positive trend over the past five years, increasing from 4.72 in December 31, 2020, to 6.29 in December 31, 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 steady increase in the fixed asset turnover ratio suggests that ITT Inc has been effectively managing and maximizing the productivity of its fixed assets over the years, which is a positive sign for investors and indicates potential operational efficiency and profitability.
Peer comparison
Dec 31, 2024