Lincoln Electric Holdings Inc (LECO)
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 | 4,007,387 | 4,043,867 | 4,093,318 | 4,132,638 | 4,191,620 | 4,064,044 | 3,966,074 | 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 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 563,180 | 553,409 | 544,871 | 489,961 | 503,088 | 511,873 | 511,744 | 569,406 | 560,954 | 500,449 | 522,092 | 504,520 | 502,249 | 503,179 |
| Fixed asset turnover | — | — | — | — | — | — | 7.04 | 7.00 | 6.90 | 7.50 | 7.05 | 6.65 | 6.32 | 5.42 | 5.25 | 5.42 | 5.09 | 5.35 | 5.49 | 5.85 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,007,387K ÷ $—K
= —
The fixed asset turnover ratio for Lincoln Electric Holdings Inc has shown a generally increasing trend over the past few years, indicating improved efficiency in generating sales from its investment in fixed assets. The ratio increased from 5.85 as of March 31, 2020, to 7.50 as of September 30, 2022, showcasing a steady improvement in asset utilization.
However, there was a slight decrease in the fixed asset turnover ratio from September 30, 2022, to December 31, 2022, followed by a fluctuation between 6.90 and 7.04 in the subsequent quarters up to June 30, 2023.
As of the most recent available data as of December 31, 2023, the fixed asset turnover ratio is not provided (indicated as "N/A"). This missing data may hinder a comprehensive evaluation of the trend in asset turnover efficiency.
Overall, Lincoln Electric Holdings Inc has shown a positive trend in its fixed asset turnover ratio, reflecting enhanced efficiency in utilizing fixed assets to drive revenue generation. It is essential for investors and stakeholders to monitor this ratio over time to assess the company's operational performance and asset management effectiveness.
Peer comparison
Dec 31, 2024