Masco Corporation (MAS)
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 | 7,723,000 | 7,839,000 | 7,802,000 | 7,809,000 | 7,861,000 | 7,896,000 | 8,121,000 | 8,341,000 | 8,568,000 | 8,318,000 | 8,321,000 | 8,159,000 | 7,747,000 | 7,958,000 | 7,728,000 | 7,303,000 | 7,072,000 | 6,851,000 | 6,811,000 | 7,316,000 |
| Property, plant and equipment | US$ in thousands | 1,075,000 | 1,125,000 | 1,116,000 | 1,111,000 | 1,121,000 | 1,077,000 | 1,063,000 | 1,019,000 | 975,000 | 902,000 | 884,000 | 892,000 | 896,000 | 887,000 | 896,000 | 894,000 | 908,000 | 878,000 | 861,000 | 861,000 |
| Fixed asset turnover | 7.18 | 6.97 | 6.99 | 7.03 | 7.01 | 7.33 | 7.64 | 8.19 | 8.79 | 9.22 | 9.41 | 9.15 | 8.65 | 8.97 | 8.62 | 8.17 | 7.79 | 7.80 | 7.91 | 8.50 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $7,723,000K ÷ $1,075,000K
= 7.18
Masco Corporation's fixed asset turnover has shown fluctuations over the years based on the provided data. The ratio indicates how efficiently the company is utilizing its fixed assets to generate revenue.
From March 31, 2020, to June 30, 2022, the fixed asset turnover steadily increased from 8.50 to 9.41, indicating an improvement in efficiency. This suggests that Masco Corporation was generating more revenue for every dollar invested in fixed assets during this period.
However, from June 30, 2022, to December 31, 2024, the fixed asset turnover started to decline, reaching a low of 6.97 by September 30, 2024. This decreasing trend may indicate either a decrease in revenue generated from fixed assets or an increase in fixed asset investment without a corresponding increase in revenue.
Overall, it is important for Masco Corporation to closely monitor its fixed asset turnover to ensure optimal utilization of fixed assets and to make strategic decisions regarding asset management to maintain or improve efficiency in the long term.
Peer comparison
Dec 31, 2024