O’Reilly Automotive Inc (ORLY)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	16,708,500	15,812,200	14,409,900	13,327,600	11,604,500
Property, plant and equipment	US$ in thousands	—	—	6,536,310	6,195,990	4,094,920
Fixed asset turnover		—	—	2.20	2.15	2.83

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $16,708,500K ÷ $—K
= —

The fixed asset turnover ratio of O’Reilly Automotive Inc has shown some fluctuations over the past few years. In 2020, the ratio stood at 2.83, indicating that for every dollar invested in fixed assets, the company generated $2.83 in sales revenue. This high ratio suggests efficient utilization of fixed assets to generate sales.

However, in the subsequent years, the fixed asset turnover ratio declined to 2.15 in 2021 and then slightly increased to 2.20 in 2022. These lower ratios could indicate that the company may not be as effective in generating sales from its fixed assets as compared to the previous year.

The absence of data for 2023 and 2024 makes it challenging to assess any trends or make conclusive judgments regarding the company's fixed asset turnover during those years. It is important for investors and stakeholders to keep a close eye on future financial reports to monitor any significant changes in the company's efficiency in utilizing its fixed assets to drive sales.