Lincoln Electric Holdings Inc (LECO)
Fixed asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,188,990 | 4,038,874 | 3,953,564 | 3,875,103 | 3,761,211 | 3,674,528 | 3,545,742 | 3,402,607 | 3,234,180 | 3,083,723 | 2,946,157 | 2,710,430 | 2,655,400 | 2,697,913 | 2,759,808 | 2,946,089 | 3,003,272 | 3,010,792 | 3,017,108 | 3,030,152 |
| Property, plant and equipment | US$ in thousands | 575,316 | 565,875 | 563,180 | 553,409 | 544,871 | 489,961 | 503,088 | 511,873 | 511,744 | 520,081 | 513,686 | 500,449 | 522,092 | 504,520 | 502,249 | 503,179 | 529,344 | 523,229 | 512,364 | 476,876 |
| Fixed asset turnover | 7.28 | 7.14 | 7.02 | 7.00 | 6.90 | 7.50 | 7.05 | 6.65 | 6.32 | 5.93 | 5.74 | 5.42 | 5.09 | 5.35 | 5.49 | 5.85 | 5.67 | 5.75 | 5.89 | 6.35 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,188,990K ÷ $575,316K
= 7.28
The fixed asset turnover ratio for Lincoln Electric Holdings, Inc. has shown consistency and stability over the past eight quarters, with values ranging from 6.65 to 7.50. This indicates that the company is effectively utilizing its fixed assets to generate sales revenue. Higher values signify that Lincoln Electric is generating more revenue relative to its investment in fixed assets, demonstrating efficiency in asset utilization. The gradual decline from Q4 2022 to Q1 2023 was followed by a slight increase in more recent quarters, which could indicate fluctuations in sales or changes in the company's asset base. Overall, the fixed asset turnover ratio suggests that Lincoln Electric is effectively managing and utilizing its fixed assets to drive sales.
Peer comparison
Dec 31, 2023