MP Materials Corp (MP)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 203,855 | 253,445 | 527,510 | 331,952 | 134,310 |
| Property, plant and equipment | US$ in thousands | — | — | 935,743 | 611,710 | 504,092 |
| Fixed asset turnover | — | — | 0.56 | 0.54 | 0.27 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $203,855K ÷ $—K
= —
The fixed asset turnover ratio for MP Materials Corp has been showing an increasing trend over the past few years, indicating improved efficiency in utilizing its fixed assets to generate sales revenue. The ratio has doubled from 0.27 in December 2020 to 0.54 in December 2021, and further increased to 0.56 in December 2022.
However, there is missing data for the years 2023 and 2024, which limits the ability to assess the continued trend in fixed asset turnover. It is essential for the company to provide complete and accurate financial information for a more comprehensive analysis.
Overall, the improving trend in the fixed asset turnover ratio suggests that MP Materials Corp is effectively leveraging its fixed assets to drive sales growth, which can be a positive sign for investors and stakeholders interested in the company's operational efficiency.
Peer comparison
Dec 31, 2024