MSA Safety (MSA)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,808,140 | 1,787,650 | 1,527,950 | 1,400,180 | 1,348,220 |
| Property, plant and equipment | US$ in thousands | — | — | 207,552 | 207,793 | 189,620 |
| Fixed asset turnover | — | — | 7.36 | 6.74 | 7.11 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,808,140K ÷ $—K
= —
Based on the provided data, MSA Safety's fixed asset turnover ratio has shown some fluctuations over the years. In 2020, the fixed asset turnover ratio was 7.11, indicating that the company generated $7.11 in sales for every dollar invested in fixed assets. This declined slightly to 6.74 in 2021, suggesting a decrease in efficiency in generating sales from fixed assets.
However, there was an improvement in 2022 with a fixed asset turnover ratio of 7.36, which indicates that the company was able to generate more sales relative to its fixed asset base. Unfortunately, the data for 2023 and 2024 is missing, making it challenging to provide a complete trend analysis for those years.
Overall, the varying trend in the fixed asset turnover ratio for MSA Safety suggests fluctuations in the efficiency of utilizing fixed assets to generate sales. It is essential for the company to closely monitor this ratio to ensure optimal utilization of its fixed asset base in driving revenue growth.
Peer comparison
Dec 31, 2024