ManpowerGroup Inc (MAN)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	17,861,200	18,811,700	19,764,800	20,680,400	17,952,800
Property, plant and equipment	US$ in thousands	118,400	129,900	112,200	116,800	135,100
Fixed asset turnover		150.85	144.82	176.16	177.06	132.89

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $17,861,200K ÷ $118,400K
= 150.85

Fixed asset turnover is a key financial ratio that measures a company's efficiency in generating revenue from its investment in fixed assets. In the case of ManpowerGroup Inc, the fixed asset turnover has shown a positive trend over the past five years.

As of December 31, 2020, the fixed asset turnover ratio was 132.89, indicating that for every dollar invested in fixed assets, the company generated $132.89 in revenue. This ratio increased to 177.06 by December 31, 2021, signifying an improvement in the company's ability to utilize its fixed assets efficiently to generate revenue.

In the following years, the fixed asset turnover remained relatively stable, with ratios of 176.16 on December 31, 2022, and 144.82 on December 31, 2023. Despite a slight decrease in 2023, the ratio remained above 100, indicating that ManpowerGroup Inc continued to generate revenue efficiently from its fixed assets.

By December 31, 2024, the fixed asset turnover ratio was 150.85, showing a slight improvement from the previous year. Overall, the trend in the fixed asset turnover for ManpowerGroup Inc reflects a positive ability to generate revenue from its investment in fixed assets, with fluctuations in the ratio demonstrating variations in the company's operational efficiency over the years.