nVent Electric PLC (NVT)
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 | 3,289,100 | 3,398,100 | 3,474,900 | 3,397,600 | 3,263,600 | 3,144,000 | 3,030,400 | 2,954,900 | 2,909,000 | 2,836,400 | 2,734,000 | 2,607,800 | 2,462,000 | 2,314,200 | 2,180,700 | 2,026,600 | 1,998,600 | 2,044,100 | 2,094,600 | 2,186,900 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 371,900 | 378,100 | 293,000 | 365,600 | 272,000 | 279,200 | 287,500 | 291,100 | 287,600 | 291,600 | 331,800 | 289,400 | 278,100 | 324,100 | 322,500 |
| Fixed asset turnover | — | — | — | — | — | 8.45 | 8.01 | 10.08 | 7.96 | 10.43 | 9.79 | 9.07 | 8.46 | 8.05 | 7.48 | 6.11 | 6.91 | 7.35 | 6.46 | 6.78 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,289,100K ÷ $—K
= —
nVent Electric PLC's fixed asset turnover has shown a fluctuating trend over the analyzed period. The ratio increased from 6.78 in March 2020 to a peak of 10.43 in September 2022, indicating that the company was generating $10.43 in revenue for every dollar invested in fixed assets. This suggests an efficient utilization of fixed assets to generate sales.
However, the ratio declined thereafter, dropping to 7.96 by December 2022. This decrease may indicate a potential slowdown in the company's efficiency in generating revenue from its fixed assets, which could be a concern for investors and analysts.
The ratio saw some fluctuations in the following periods, with values such as 10.08 in March 2023, 8.01 in June 2023, and 8.45 in September 2023. These fluctuations suggest some instability in the company's fixed asset turnover efficiency.
Interestingly, no data is available for the fixed asset turnover from December 31, 2023, onwards in the provided dataset. This lack of information for the latter periods restricts a comprehensive assessment of nVent Electric PLC's recent fixed asset turnover performance.
In general, the company's fixed asset turnover has shown both positive and negative trends over the analyzed period, with periods of efficient asset utilization and potential slowdowns in revenue generation efficiency. Monitoring this ratio alongside additional financial metrics can provide a more holistic view of nVent Electric PLC's operational and financial performance.
Peer comparison
Dec 31, 2024