NXP Semiconductors NV (NXPI)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 12,614,000 | 13,276,000 | 13,205,000 | 11,063,000 | 8,612,000 |
| Property, plant and equipment | US$ in thousands | — | — | 2,690,000 | 2,635,000 | 2,297,000 |
| Fixed asset turnover | — | — | 4.91 | 4.20 | 3.75 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $12,614,000K ÷ $—K
= —
The fixed asset turnover ratio indicates how efficiently a company is utilizing its fixed assets to generate sales revenue. In the case of NXP Semiconductors NV, the trend in fixed asset turnover over the years shows an improvement from 3.75 in December 31, 2020, to 4.20 in December 31, 2021, and further to 4.91 in December 31, 2022.
The increasing trend in the fixed asset turnover ratio signifies that NXP Semiconductors NV has been able to generate more revenue from its fixed assets over the years, indicating improving asset utilization efficiency and operational performance. However, the lack of data for December 31, 2023, and December 31, 2024, prevents a full analysis of the trend continuation for those years.
Overall, the increasing fixed asset turnover ratio for NXP Semiconductors NV suggests that the company is effectively managing and leveraging its fixed assets to drive sales growth and operational efficiency, a positive indication for investors and stakeholders.
Peer comparison
Dec 31, 2024