nVent Electric PLC (NVT)

Fixed asset turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Revenue US$ in thousands 3,006,100 3,263,600 2,909,000 2,462,000 1,998,600
Property, plant and equipment US$ in thousands 365,600 291,100 289,400
Fixed asset turnover 7.96 8.46 6.91

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,006,100K ÷ $—K
= —

nVent Electric PLC's fixed asset turnover has shown a positive trend over the years, increasing from 6.91 in 2020 to 8.46 in 2021 and then slightly decreasing to 7.96 in 2022. This indicates that the company is generating more revenue per dollar of fixed assets invested, which is a positive sign of operational efficiency.

However, the lack of data for 2023 and 2024 makes it challenging to assess the trend further. It is essential for the company to provide complete financial information for a comprehensive analysis and to track the performance of the fixed asset turnover ratio over time accurately.

Overall, the increasing trend in fixed asset turnover until 2022 is a good indication of the company effectively utilizing its fixed assets to generate revenue. Further monitoring and analysis of this ratio will provide better insights into nVent Electric PLC's operational efficiency in the future.


Peer comparison

Dec 31, 2024

Company name
Symbol
Fixed asset turnover
nVent Electric PLC
NVT
John Bean Technologies Corporation
JBT
7.01
Kadant Inc
KAI
6.24
Pentair PLC
PNR
11.13