Owens Corning Inc (OC)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,886,000 | 9,599,000 | 9,618,000 | 8,364,000 | 6,929,000 |
| Property, plant and equipment | US$ in thousands | 4,164,000 | 3,841,000 | 3,729,000 | 3,873,000 | 3,809,000 |
| Fixed asset turnover | 2.61 | 2.50 | 2.58 | 2.16 | 1.82 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $10,886,000K ÷ $4,164,000K
= 2.61
Owens Corning Inc's fixed asset turnover has been showing a positive trend over the years, increasing from 1.82 in December 31, 2020, to 2.61 in December 31, 2024. This indicates that the company is generating more revenue for each dollar invested in fixed assets. The improvement in fixed asset turnover suggests that Owens Corning Inc is effectively utilizing its fixed assets to generate sales, which is a positive sign of operational efficiency and asset utilization. Overall, the increasing trend in fixed asset turnover reflects the company's ability to efficiently manage its fixed assets and generate higher returns on its investment in property, plant, and equipment.