Minerals Technologies Inc (MTX)
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 | 2,118,500 | 2,124,900 | 2,148,000 | 2,158,300 | 2,169,900 | 2,153,000 | 2,147,100 | 2,152,600 | 2,125,600 | 2,094,900 | 2,026,200 | 1,924,800 | 1,858,300 | 1,813,200 | 1,728,300 | 1,629,900 | 1,594,800 | 1,603,200 | 1,664,200 | 1,770,800 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 977,600 | 1,050,600 | 1,057,500 | 1,050,400 | 1,038,300 | 1,053,200 | 1,046,200 | 1,049,100 | 1,052,400 | 1,033,700 | 1,031,300 | 1,039,600 | 1,027,100 | 1,023,600 | 1,034,600 |
| Fixed asset turnover | — | — | — | — | — | 2.20 | 2.04 | 2.04 | 2.02 | 2.02 | 1.92 | 1.84 | 1.77 | 1.72 | 1.67 | 1.58 | 1.53 | 1.56 | 1.63 | 1.71 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,118,500K ÷ $—K
= —
Minerals Technologies Inc's fixed asset turnover has exhibited an increasing trend from March 31, 2020, through September 30, 2023. This indicates that the company is generating more revenue relative to its investment in fixed assets over this period. The ratio increased from 1.71 on March 31, 2020, to 2.20 on September 30, 2023.
The improvement in fixed asset turnover suggests that Minerals Technologies Inc is utilizing its fixed assets more efficiently to generate sales. A higher fixed asset turnover ratio signifies that the company is effectively using its long-term assets to support its revenue generation activities. Investors and stakeholders may view this positively as it indicates better operational efficiency and potentially higher returns on investment in fixed assets.
However, it is worth noting that the ratio remained stagnant at 2.20 from September 30, 2023, through December 31, 2023, and there is no data available for the ratio after December 31, 2023. Monitoring this ratio in future periods will be crucial to understand if the company can sustain or further improve its efficiency in utilizing fixed assets to drive revenue.
Peer comparison
Dec 31, 2024