NewMarket Corporation (NEU)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,786,560 | 2,698,420 | 2,764,800 | 2,356,110 | 2,010,930 |
| Property, plant and equipment | US$ in thousands | — | — | 659,998 | 745,172 | 665,147 |
| Fixed asset turnover | — | — | 4.19 | 3.16 | 3.02 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,786,560K ÷ $—K
= —
The fixed asset turnover ratio of NewMarket Corporation has shown a generally increasing trend over the years, indicating improved efficiency in generating sales from its fixed assets. The ratio increased from 3.02 in December 31, 2020, to 4.19 in December 31, 2022. This suggests that the company has been able to generate $4.19 in sales for every dollar invested in fixed assets by December 31, 2022. However, it is notable that data is not available for December 31, 2023 and 2024, which may indicate a lack of information or changes in reporting practices. Overall, the increasing trend in fixed asset turnover ratio reflects positively on NewMarket Corporation's ability to utilize its fixed assets efficiently to drive revenue growth.
Peer comparison
Dec 31, 2024