Enpro Industries (NPO)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,048,700 | 1,059,300 | 1,099,200 | 1,141,800 | 1,074,000 |
| Property, plant and equipment | US$ in thousands | — | — | 185,200 | 236,700 | 195,000 |
| Fixed asset turnover | — | — | 5.94 | 4.82 | 5.51 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,048,700K ÷ $—K
= —
Enpro Industries' fixed asset turnover has shown variability over the years. In 2020, the fixed asset turnover ratio was 5.51, indicating that the company generated $5.51 in sales for every $1 invested in fixed assets. However, this ratio decreased to 4.82 in 2021, suggesting a less efficient utilization of fixed assets to generate sales.
The ratio then improved significantly in 2022 to 5.94, reflecting a higher efficiency in generating sales from the company's fixed assets. Unfortunately, the data is not available for 2023 and 2024, which limits our ability to track the trend further.
Overall, Enpro Industries has experienced fluctuations in its fixed asset turnover ratio, indicating varying levels of efficiency in utilizing its fixed assets to generate revenue. Monitoring this ratio closely in the upcoming years will be crucial to assess the company's operational efficiency and asset utilization.