Otis Worldwide Corp (OTIS)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 14,261,000 | 14,059,000 | 13,542,000 | 14,162,000 | 12,634,000 |
| Property, plant and equipment | US$ in thousands | 701,000 | 727,000 | 719,000 | 774,000 | 774,000 |
| Fixed asset turnover | 20.34 | 19.34 | 18.83 | 18.30 | 16.32 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $14,261,000K ÷ $701,000K
= 20.34
To analyze Otis Worldwide Corp's fixed asset turnover, we will examine the trend over the past five years based on the provided data.
- December 31, 2020: The fixed asset turnover was 16.32, indicating that the company generated $16.32 in revenue for every dollar invested in fixed assets.
- December 31, 2021: The fixed asset turnover increased to 18.30, reflecting an improvement in efficiency as the company generated $18.30 in revenue for every dollar of fixed assets.
- December 31, 2022: The fixed asset turnover continued to rise to 18.83, suggesting that the company's utilization of fixed assets to generate revenue further improved.
- December 31, 2023: The fixed asset turnover further increased to 19.34, indicating a positive trend in asset efficiency and revenue generation.
- December 31, 2024: The fixed asset turnover reached 20.34, showing a significant enhancement in efficiency as the company generated $20.34 in revenue for every dollar invested in fixed assets.
Overall, Otis Worldwide Corp's fixed asset turnover has demonstrated a consistent and positive trend over the past five years, indicating an efficient use of fixed assets to generate revenue. This trend suggests that the company is effectively managing its fixed asset base and maximizing returns on its investments in fixed assets.
Peer comparison
Dec 31, 2024