Materion Corporation (MTRN)
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 | 1,640,521 | 1,651,211 | 1,609,993 | 1,574,968 | 1,633,620 | 1,648,357 | 1,675,646 | 1,725,472 | 1,735,899 | 2,803,789 | 2,384,788 | 1,947,417 | 1,504,455 | 348,644 | 352,178 | 357,767 | 364,481 | 304,953 | 315,512 | 325,994 |
| Property, plant and equipment | US$ in thousands | 510,805 | 526,061 | 528,075 | 524,443 | 514,683 | 496,829 | 493,117 | 469,562 | 448,765 | 426,107 | 424,497 | 416,929 | 408,975 | 354,434 | 349,561 | 329,073 | 309,686 | 294,679 | 239,265 | 234,976 |
| Fixed asset turnover | 3.21 | 3.14 | 3.05 | 3.00 | 3.17 | 3.32 | 3.40 | 3.67 | 3.87 | 6.58 | 5.62 | 4.67 | 3.68 | 0.98 | 1.01 | 1.09 | 1.18 | 1.03 | 1.32 | 1.39 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,640,521K ÷ $510,805K
= 3.21
The fixed asset turnover ratio for Materion Corporation has displayed fluctuations over the reporting periods, indicating the company's efficiency in generating revenue from its fixed assets.
Historically, the fixed asset turnover ratio ranged between 1.03 and 1.39 from March 2020 to March 2021, showing a relatively stable performance. Subsequently, the ratio experienced a significant increase, reaching its peak at 6.58 in September 2022, before declining to 3.17 by December 2023.
From December 2023 to December 2024, the fixed asset turnover ratio ranged between 3.00 and 3.21, suggesting a moderate stability in the company's ability to utilize its fixed assets efficiently to generate sales.
The varying trends in the fixed asset turnover ratio over the periods can be indicative of changes in Materion Corporation's operational efficiency and investment in fixed assets, highlighting the importance of continuous monitoring and analysis of this metric for assessing the company's financial performance.