Nucor Corp (NUE)

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	30,734,410	31,362,940	32,694,510	34,140,600	34,713,500	35,732,930	37,458,000	39,729,240	41,512,560	43,153,000	42,965,400	39,960,060	36,483,900	31,379,560	25,994,320	21,532,470	20,139,670	20,011,360	20,547,900	22,116,580
Property, plant and equipment	US$ in thousands	—	—	—	—	—	10,355,800	10,093,400	9,862,990	9,616,920	9,440,070	9,213,600	8,921,260	8,114,820	7,777,280	7,235,540	7,031,690	6,899,110	6,829,730	6,556,450	6,416,960
Fixed asset turnover		—	—	—	—	—	3.45	3.71	4.03	4.32	4.57	4.66	4.48	4.50	4.03	3.59	3.06	2.92	2.93	3.13	3.45

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $30,734,410K ÷ $—K
= —

Fixed asset turnover is a financial ratio that reflects how efficiently a company is using its fixed assets to generate revenue. In the case of Nucor Corp, the fixed asset turnover ratio has shown a generally increasing trend from March 31, 2020, to March 31, 2024. The ratio started at 3.45 in March 2020 and reached a peak of 4.66 in June 30, 2022.

The ratio declined slightly in the later periods but remained relatively high, indicating that Nucor Corp has been effectively utilizing its fixed assets to generate sales. A higher fixed asset turnover implies that the company is generating more revenue per dollar invested in fixed assets, which is a positive indicator of operational efficiency.

However, it should be noted that the ratio showed inconsistencies in the most recent periods, with values missing from December 31, 2023, to December 31, 2024. This lack of data may hinder a comprehensive analysis of the trend in fixed asset turnover for those periods.

Overall, the increasing trend in fixed asset turnover for Nucor Corp suggests improving efficiency in utilizing its fixed assets to generate sales revenue, contributing positively to the company's financial performance.