Littelfuse Inc (LFUS)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,310,490 | 2,463,320 | 2,044,240 | 1,439,720 | 1,476,410 |
| Property, plant and equipment | US$ in thousands | 493,153 | 481,110 | 437,889 | 344,178 | 344,617 |
| Fixed asset turnover | 4.69 | 5.12 | 4.67 | 4.18 | 4.28 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,310,490K ÷ $493,153K
= 4.69
The fixed asset turnover ratio measures how efficiently a company utilizes its fixed assets to generate revenue. A higher fixed asset turnover ratio indicates better asset utilization.
Looking at the trend of Littelfuse Inc's fixed asset turnover ratio over the past five years, we can see that it has fluctuated between 4.18 and 5.12. In 2023, the ratio decreased to 4.69 from 5.12 in 2022, indicating a slightly lower level of efficiency in generating revenue from fixed assets.
Overall, Littelfuse Inc has maintained relatively strong fixed asset turnover ratios above 4. This suggests that the company has been effectively utilizing its fixed assets to generate sales revenue over the years, although there has been some variability in the ratio. Further analysis and comparison with industry benchmarks could provide more insight into the company's asset utilization efficiency.
Peer comparison
Dec 31, 2023