Lincoln Electric Holdings Inc (LECO)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,008,670 | 4,191,640 | 3,761,210 | 3,234,180 | 2,655,400 |
| Property, plant and equipment | US$ in thousands | — | — | 544,871 | 511,744 | 522,092 |
| Fixed asset turnover | — | — | 6.90 | 6.32 | 5.09 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $4,008,670K ÷ $—K
= —
The fixed asset turnover ratio for Lincoln Electric Holdings Inc has shown a consistent upward trend over the past years, increasing from 5.09 in December 31, 2020, to 6.32 in December 31, 2021, and further to 6.90 in December 31, 2022. This indicates that the company has been able to generate more revenue relative to its investment in fixed assets, reflecting an efficient utilization of its fixed assets for revenue generation.
However, it is noteworthy that the data for December 31, 2023, and December 31, 2024, are missing (denoted as "—"). This missing data prevents us from fully assessing the trajectory of the fixed asset turnover ratio beyond 2022.
Overall, the increasing trend in the fixed asset turnover ratio suggests that Lincoln Electric Holdings Inc has been effectively managing its fixed assets to drive higher revenue generation. It would be essential for the company to maintain this efficiency in asset utilization to sustain its financial performance in the future.
Peer comparison
Dec 31, 2024