Linde plc Ordinary Shares (LIN)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 33,005,000 | 32,854,000 | 33,364,000 | 30,793,000 | 27,243,000 |
| Property, plant and equipment | US$ in thousands | — | — | 23,548,000 | 26,003,000 | 28,711,000 |
| Fixed asset turnover | — | — | 1.42 | 1.18 | 0.95 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $33,005,000K ÷ $—K
= —
The fixed asset turnover ratio of Linde plc Ordinary Shares has shown an improving trend over the past few years. In 2020, the ratio was 0.95, indicating that the company generated $0.95 in sales for every dollar invested in fixed assets. By the end of 2021, the ratio increased to 1.18, suggesting greater efficiency in utilizing fixed assets to generate revenue.
In 2022, the fixed asset turnover ratio further improved to 1.42, highlighting an enhanced ability to generate sales from fixed assets. However, the data for 2023 and 2024 is not available (represented as "—"), making it challenging to assess the continued trajectory of the ratio in those years.
Overall, the increasing trend in the fixed asset turnover ratio for Linde plc Ordinary Shares indicates the company's effectiveness in utilizing its fixed assets to drive sales and generate revenue. This trend reflects positively on the company's operational efficiency and asset management strategy.
Peer comparison
Dec 31, 2024