Mohawk Industries Inc (MHK)
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 | 10,836,900 | 10,811,980 | 10,859,170 | 11,008,300 | 11,135,120 | 11,173,520 | 11,324,870 | 11,527,630 | 11,737,070 | 11,847,130 | 11,746,610 | 11,547,250 | 11,200,620 | 11,081,640 | 10,839,490 | 9,935,460 | 9,552,190 | 9,334,940 | 9,279,250 | 9,813,930 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 5,193,300 | 4,957,220 | 4,945,950 | 5,048,990 | 4,924,950 | 4,582,080 | 4,552,610 | 5,026,830 | 4,827,940 | 4,842,720 | 4,769,880 | 4,591,230 | 4,405,240 | 4,434,540 | 4,472,910 |
| Fixed asset turnover | — | — | — | — | — | 2.15 | 2.28 | 2.33 | 2.32 | 2.41 | 2.56 | 2.54 | 2.23 | 2.30 | 2.24 | 2.08 | 2.08 | 2.12 | 2.09 | 2.19 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $10,836,900K ÷ $—K
= —
The fixed asset turnover ratio measures the efficiency of a company in generating revenue from its investment in fixed assets. In the case of Mohawk Industries Inc, the fixed asset turnover ratio has fluctuated over the past few years.
From March 31, 2020, to June 30, 2022, the fixed asset turnover ratio ranged between 2.08 and 2.56, indicating that the company generated between $2.08 and $2.56 in revenue for every dollar invested in fixed assets. This suggests that Mohawk effectively utilized its fixed assets during this period.
However, from September 30, 2022, to September 30, 2023, we observed a slight decline in the fixed asset turnover ratio, dropping to 2.15. This could indicate a decrease in the company's efficiency in generating revenue from its fixed assets during this period.
As of December 31, 2023, there is no data available for the fixed asset turnover ratio. This missing data makes it difficult to assess the company's performance during that quarter.
Overall, while Mohawk Industries Inc has generally maintained a healthy fixed asset turnover ratio, it is essential to monitor any fluctuations in the ratio to understand how effectively the company is utilizing its fixed assets to generate revenue.
Peer comparison
Dec 31, 2024