Nucor Corp (NUE)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 30,734,000 | 34,713,500 | 41,512,500 | 36,483,900 | 20,139,700 |
| Property, plant and equipment | US$ in thousands | — | — | 9,616,920 | 8,114,820 | 6,899,110 |
| Fixed asset turnover | — | — | 4.32 | 4.50 | 2.92 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $30,734,000K ÷ $—K
= —
The fixed asset turnover ratio measures how effectively a company like Nucor Corp generates sales revenue from its investment in fixed assets.
For Nucor Corp, the fixed asset turnover ratio has shown an increasing trend from 2.92 in 2020 to 4.50 in 2021 and then slightly decreased to 4.32 in 2022. This indicates that Nucor has been able to utilize its fixed assets more efficiently to generate sales over the period analyzed. However, the ratio is missing for the subsequent years, 2023 and 2024.
The increase in the ratio from 2020 to 2021 suggests that Nucor has enhanced its operational efficiency and/or increased sales relative to its investment in fixed assets during that period. The slight decrease in the ratio in 2022, though still relatively high, could imply a potential decrease in sales generated per dollar invested in fixed assets compared to the previous year.
The lack of data for 2023 and 2024 hinders a complete understanding of the trend in Nucor's fixed asset turnover ratio. Further analysis and updates on the fixed asset turnover ratio for these years would provide clarity on the company's ongoing efficiency in utilizing its fixed assets to drive sales.
Peer comparison
Dec 31, 2024