Leggett & Platt Incorporated (LEG)
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 | 4,384,300 | 4,443,000 | 4,516,700 | 4,608,700 | 4,725,300 | 4,806,000 | 4,925,000 | 5,038,000 | 5,146,700 | 5,283,800 | 5,308,600 | 5,244,000 | 5,072,600 | 4,921,700 | 4,810,100 | 4,385,600 | 4,280,200 | 4,243,100 | 4,274,800 | 4,642,900 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 976,800 | 1,001,200 | 1,007,700 | 967,400 | 932,000 | 939,700 | 768,600 | 974,100 | 780,300 | 952,900 | 775,300 | 784,800 | 785,700 | 797,400 | 809,500 |
| Fixed asset turnover | — | — | — | — | — | 4.92 | 4.92 | 5.00 | 5.32 | 5.67 | 5.65 | 6.82 | 5.21 | 6.31 | 5.05 | 5.66 | 5.45 | 5.40 | 5.36 | 5.74 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,384,300K ÷ $—K
= —
The fixed asset turnover ratio for Leggett & Platt Incorporated has shown fluctuations over the period from March 31, 2020, to September 30, 2024. The ratio indicates how efficiently the company is utilizing its fixed assets to generate revenue.
From March 2020 to September 2021, the fixed asset turnover ratio generally increased, reaching a peak of 6.82 on March 31, 2022. This suggests that the company was able to generate more revenue per dollar of fixed assets during this period.
However, from June 2021 to March 2024, the fixed asset turnover ratio started to decline. The ratio fell to 4.92 on June 30, 2023, indicating a decrease in the company's ability to generate revenue from its fixed assets efficiently.
Notably, from December 31, 2023, to December 31, 2024, data for the fixed asset turnover ratio is unavailable (denoted by "—"), making it challenging to assess the efficiency of fixed asset utilization during this period.
Overall, the trend in Leggett & Platt's fixed asset turnover ratio suggests fluctuations in the company's ability to generate revenue from its fixed assets efficiently. Further analysis of operational performance and capital expenditure decisions may help in understanding the factors influencing these fluctuations.
Peer comparison
Dec 31, 2024