LCI Industries (LCII)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,741,210 | 3,784,810 | 5,207,140 | 4,472,700 | 2,796,170 |
| Property, plant and equipment | US$ in thousands | — | — | 482,185 | 591,073 | 387,218 |
| Fixed asset turnover | — | — | 10.80 | 7.57 | 7.22 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,741,210K ÷ $—K
= —
The fixed asset turnover ratio measures a company's efficiency in generating sales from its investment in fixed assets, such as property, plant, and equipment. In the case of LCI Industries, the trend of the fixed asset turnover ratio over the past few years indicates an improvement in asset utilization efficiency.
For the fiscal year ending December 31, 2020, LCI Industries had a fixed asset turnover ratio of 7.22, which means that the company generated $7.22 in sales for every $1 invested in fixed assets during that period. The ratio increased to 7.57 by the end of 2021, showing a slight improvement in efficiency.
The most significant change occurred by December 31, 2022, with a substantial jump in the fixed asset turnover ratio to 10.80. This indicates that LCI Industries significantly enhanced its ability to generate sales from its fixed assets, demonstrating improved operational efficiency or increased productivity.
Unfortunately, no data is available for the fixed asset turnover ratio for the years 2023 and 2024. This lack of information makes it challenging to assess the continued trend of asset utilization efficiency for LCI Industries beyond 2022.
Overall, based on the available data, it can be concluded that LCI Industries has shown a positive trend in its fixed asset turnover ratio, implying improved efficiency in utilizing its fixed assets to generate sales.
Peer comparison
Dec 31, 2024