ITT Inc (ITT)
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 | 3,630,700 | 3,530,800 | 3,467,700 | 3,395,700 | 3,283,000 | 3,228,500 | 3,160,000 | 3,059,400 | 2,987,700 | 2,898,500 | 2,834,500 | 2,792,800 | 2,765,000 | 2,788,200 | 2,689,800 | 2,512,900 | 2,477,800 | 2,488,300 | 2,609,000 | 2,814,200 |
| Property, plant and equipment | US$ in thousands | 577,200 | 578,800 | 543,800 | 568,100 | 561,000 | 523,200 | 528,700 | 528,000 | 526,800 | 491,500 | 501,200 | 504,900 | 509,100 | 494,700 | 502,700 | 501,200 | 525,100 | 505,700 | 505,400 | 511,500 |
| Fixed asset turnover | 6.29 | 6.10 | 6.38 | 5.98 | 5.85 | 6.17 | 5.98 | 5.79 | 5.67 | 5.90 | 5.66 | 5.53 | 5.43 | 5.64 | 5.35 | 5.01 | 4.72 | 4.92 | 5.16 | 5.50 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,630,700K ÷ $577,200K
= 6.29
ITT Inc's fixed asset turnover ratio has shown a general upward trend over the period from March 31, 2020, to December 31, 2024. The ratio increased from 5.50 in March 2020 to 6.29 in December 2024, indicating that the company is generating more revenue per dollar of fixed assets invested. This improvement suggests that ITT Inc has been managing its fixed assets efficiently to generate sales. However, there were slight fluctuations in the ratio during this period, with peaks and dips observed in some quarters. Overall, the increasing trend in fixed asset turnover reflects positively on the company's operational performance and its ability to utilize its fixed assets effectively to drive revenue growth.
Peer comparison
Dec 31, 2024