Lear Corporation (LEA)

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	23,304,900	23,431,500	23,628,100	23,616,000	23,466,900	22,996,600	22,456,800	21,528,600	20,891,500	20,400,400	19,427,400	19,117,100	19,263,100	19,626,500	20,258,400	17,942,200	17,045,500	16,619,900	16,544,800	19,107,900
Property, plant and equipment	US$ in thousands	—	—	—	—	—	3,617,900	2,913,100	2,840,900	2,854,000	3,357,200	2,778,700	2,826,700	2,720,100	2,696,300	3,257,100	2,681,100	2,736,200	2,627,300	2,618,300	2,608,400
Fixed asset turnover		—	—	—	—	—	6.36	7.71	7.58	7.32	6.08	6.99	6.76	7.08	7.28	6.22	6.69	6.23	6.33	6.32	7.33

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $23,304,900K ÷ $—K
= —

The fixed asset turnover ratio for Lear Corporation has shown fluctuations over the periods provided. It indicates how efficiently the company is generating revenue from its fixed assets. A higher ratio generally suggests better utilization of fixed assets to generate sales.

The trend for Lear Corporation's fixed asset turnover ratio from March 31, 2020, to December 31, 2023, shows some variability, ranging from a low of 6.08 to a high of 7.71. There are instances where the ratio improved, indicating increased efficiency in generating sales from fixed assets. However, there are also periods where the ratio declined, suggesting a potential decrease in asset productivity.

The most recent data points for the fixed asset turnover ratio as of December 31, 2023, and beyond are not available (denoted as "—"). It is important to monitor the ratio in subsequent periods to observe any potential trends and assess the company's ability to utilize its fixed assets effectively.

In conclusion, the analysis of Lear Corporation's fixed asset turnover ratio demonstrates variable performance in utilizing fixed assets to generate revenue. Continued monitoring of this ratio will be essential to assess the company's operational efficiency and asset utilization in the future.