MSA Safety (MSA)

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	1,808,140	1,803,802	1,817,851	1,802,687	1,787,647	1,735,543	1,670,509	1,595,523	1,527,953	1,494,967	1,453,470	1,422,446	1,400,182	1,378,162	1,342,357	1,315,506	1,348,223	1,335,230	1,381,852	1,417,089
Property, plant and equipment	US$ in thousands	—	—	—	—	—	254,775	206,066	207,115	207,552	199,530	203,036	205,995	207,793	255,141	268,546	197,832	189,620	178,064	170,184	163,141
Fixed asset turnover		—	—	—	—	—	6.81	8.11	7.70	7.36	7.49	7.16	6.91	6.74	5.40	5.00	6.65	7.11	7.50	8.12	8.69

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,808,140K ÷ $—K
= —

The fixed asset turnover ratio for MSA Safety has fluctuated over the past few years. Starting at a high of 8.69 in March 2020, the ratio gradually decreased to 5.00 in June 2021, indicating a decline in the company's ability to generate sales from its fixed assets. However, the ratio began to recover and showed improvement, reaching 8.11 in June 2023.

The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate revenue. A higher ratio indicates that the company is generating more sales from its investments in fixed assets. MSA Safety's fluctuating fixed asset turnover ratios suggest varying levels of efficiency in utilizing its fixed assets over the period under consideration.

It is important for MSA Safety to monitor and manage its fixed asset turnover ratio to ensure optimal utilization of its fixed assets and maximize revenue generation. A consistently improving or high fixed asset turnover ratio is generally viewed positively by investors and indicates operational efficiency and effective management of fixed assets.