Illinois Tool Works Inc (ITW)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 15,898,000 | 16,107,000 | 15,932,000 | 14,455,000 | 12,574,000 |
| Property, plant and equipment | US$ in thousands | — | — | 1,848,000 | 1,809,000 | 1,777,000 |
| Fixed asset turnover | — | — | 8.62 | 7.99 | 7.08 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $15,898,000K ÷ $—K
= —
Illinois Tool Works Inc's fixed asset turnover has shown a positive trend over the past few years, increasing from 7.08 in December 2020 to 8.62 in December 2022. This indicates that the company has become more efficient in generating revenue from its fixed assets. However, the ratio for December 2023 and December 2024 is not available, so it is unclear if this trend has continued or if there have been any changes in the company's asset utilization efficiency. Overall, a higher fixed asset turnover ratio suggests that Illinois Tool Works is effectively using its fixed assets to generate sales, which is a positive indicator of operational efficiency and productivity.
Peer comparison
Dec 31, 2024