Linde plc Ordinary Shares (LIN)
Fixed asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 32,607,000 | 32,273,000 | 32,937,000 | 33,237,000 | 33,292,000 | 33,587,000 | 32,468,000 | 31,582,000 | 30,594,000 | 29,518,000 | 28,675,000 | 27,486,000 | 27,002,000 | 27,013,000 | 27,360,000 | 28,187,000 | 28,392,000 | 27,128,000 | 22,988,000 | 18,737,000 |
| Property, plant and equipment | US$ in thousands | 24,552,000 | 23,624,000 | 23,808,000 | 23,796,000 | 23,548,000 | 22,586,000 | 23,993,000 | 25,595,000 | 26,003,000 | 26,180,000 | 26,917,000 | 26,934,000 | 28,711,000 | 27,945,000 | 27,693,000 | 27,418,000 | 29,064,000 | 28,460,000 | 29,540,000 | 29,418,000 |
| Fixed asset turnover | 1.33 | 1.37 | 1.38 | 1.40 | 1.41 | 1.49 | 1.35 | 1.23 | 1.18 | 1.13 | 1.07 | 1.02 | 0.94 | 0.97 | 0.99 | 1.03 | 0.98 | 0.95 | 0.78 | 0.64 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $32,607,000K ÷ $24,552,000K
= 1.33
The fixed asset turnover ratio of Linde Plc. has been relatively stable over the past eight quarters, ranging from a low of 1.24 in Q1 2022 to a high of 1.49 in Q3 2022. This ratio measures how efficiently the company is generating revenue from its investment in fixed assets.
Overall, the trend indicates that Linde Plc. has been effectively utilizing its fixed assets to generate sales revenue, demonstrating a consistent ability to generate a relatively high level of sales compared to its investment in property, plant, and equipment. The slight fluctuations in the ratio over the quarters suggest some variability in the company's operational efficiency, but the general range of 1.24 to 1.49 indicates that the company has been managing its fixed assets efficiently over the period under review.
It would be beneficial for stakeholders to continue monitoring this ratio to ensure that the company maintains its efficiency in utilizing fixed assets to drive revenue growth.
Peer comparison
Dec 31, 2023
See also:
Linde plc Ordinary Shares Net Fixed Asset Turnover (Quarterly Data)