Enpro Industries (NPO)
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 | 1,048,700 | 1,039,400 | 1,029,200 | 1,034,200 | 1,059,300 | 1,082,100 | 1,111,500 | 1,167,900 | 1,214,000 | 1,222,900 | 1,225,900 | 1,191,200 | 1,141,800 | 1,137,000 | 1,122,200 | 1,070,600 | 1,074,000 | 1,084,500 | 1,189,200 | 1,329,200 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 186,000 | 185,600 | 184,700 | 185,200 | 170,500 | 224,100 | 231,300 | 236,700 | 182,200 | 189,600 | 191,000 | 195,000 | 182,500 | 206,400 | 208,900 |
| Fixed asset turnover | — | — | — | — | — | 5.82 | 5.99 | 6.32 | 6.56 | 7.17 | 5.47 | 5.15 | 4.82 | 6.24 | 5.92 | 5.61 | 5.51 | 5.94 | 5.76 | 6.36 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,048,700K ÷ $—K
= —
Enpro Industries' fixed asset turnover ratio has shown variations over the past few years. The company's fixed asset turnover ratio ranged from 5.51 to 7.17 during the period from December 31, 2020, to September 30, 2022.
A higher fixed asset turnover ratio indicates that the company is generating more sales revenue relative to its investment in fixed assets, which is generally seen as positive. Enpro Industries experienced an increasing trend in the fixed asset turnover ratio from December 31, 2020, to September 30, 2022, which suggests improved efficiency in utilizing fixed assets to generate sales.
However, there was a slight decline in the fixed asset turnover ratio in the subsequent periods, reaching 5.82 by September 30, 2023. The ratio remained relatively stable around this level in the following periods up to March 31, 2024, where data is unavailable.
It is essential for Enpro Industries to continue monitoring its fixed asset turnover ratio to ensure optimal utilization of its fixed assets and to assess the effectiveness of its asset management strategies. Any significant deviations from the trend should be investigated to understand the factors driving the changes in the ratio.