Leggett & Platt Incorporated (LEG)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 749,100 | 4,725,300 | 5,146,700 | 5,072,600 | 4,280,200 |
| Property, plant and equipment | US$ in thousands | — | — | 967,400 | 974,100 | 784,800 |
| Fixed asset turnover | — | — | 5.32 | 5.21 | 5.45 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $749,100K ÷ $—K
= —
The fixed asset turnover ratio measures the efficiency of Leggett & Platt Incorporated in generating sales revenue relative to its investment in fixed assets.
Based on the data provided, the fixed asset turnover for Leggett & Platt Incorporated has shown a relatively stable trend over the years. In 2020, the company's fixed asset turnover ratio was 5.45, indicating that for every dollar invested in fixed assets, the company generated $5.45 in sales revenue.
In 2021, the fixed asset turnover ratio decreased slightly to 5.21, suggesting a potential decrease in efficiency in utilizing fixed assets to generate revenue. However, the ratio improved in 2022 to 5.32, indicating a rebound in asset productivity.
It is worth noting that the data for 2023 and 2024 is unavailable (denoted as "—"), making it difficult to assess the trend beyond 2022.
Overall, Leggett & Platt Incorporated has maintained a relatively high fixed asset turnover ratio, which is favorable as it indicates the company's effectiveness in generating revenue from its investment in fixed assets. Monitoring this ratio over time can provide insights into the company's operational efficiency and asset utilization.
Peer comparison
Dec 31, 2024