Mohawk Industries Inc (MHK)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,836,900 | 11,135,100 | 11,737,100 | 11,200,600 | 9,552,200 |
| Property, plant and equipment | US$ in thousands | — | — | 5,048,990 | 5,026,830 | 4,591,230 |
| Fixed asset turnover | — | — | 2.32 | 2.23 | 2.08 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $10,836,900K ÷ $—K
= —
The fixed asset turnover ratio is a measure of a company's ability to generate sales from its fixed assets. Looking at the data provided for Mohawk Industries Inc:
- In December 31, 2020, the fixed asset turnover ratio was 2.08, indicating that for every dollar invested in fixed assets, the company generated $2.08 in sales.
- The ratio improved to 2.23 by December 31, 2021, showing an increase in efficiency in utilizing fixed assets to generate revenue.
- By December 31, 2022, the ratio further increased to 2.32, indicating a continued improvement in the company's ability to generate sales from its fixed assets.
- Unfortunately, data for the fixed asset turnover ratio is not available for December 31, 2023, and December 31, 2024, which makes it difficult to assess the trend for those years.
Overall, the trend from 2020 to 2022 shows a positive trajectory in Mohawk Industries Inc's efficiency in utilizing its fixed assets to generate sales. However, the absence of data for the following years hinders a complete analysis of the company's fixed asset turnover performance.
Peer comparison
Dec 31, 2024