Minerals Technologies Inc (MTX)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,118,500 | 2,169,900 | 2,125,500 | 1,858,300 | 1,594,800 |
| Property, plant and equipment | US$ in thousands | — | — | 1,050,400 | 1,049,100 | 1,039,600 |
| Fixed asset turnover | — | — | 2.02 | 1.77 | 1.53 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,118,500K ÷ $—K
= —
Minerals Technologies Inc's fixed asset turnover has shown an increasing trend over the years, rising from 1.53 in 2020 to 1.77 in 2021 and further to 2.02 in 2022. This indicates that the company is generating more revenue in relation to its investment in fixed assets, showcasing improved efficiency in the utilization of these assets. However, the absence of data for 2023 and 2024 prevents a complete analysis of the trend. Overall, the increasing fixed asset turnover demonstrates effective management of assets to drive revenue growth, reflecting positively on the company's operational performance.
Peer comparison
Dec 31, 2024