Pentair PLC (PNR)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,995,100 | 3,987,100 | 4,061,100 | 3,754,700 | 2,994,800 |
| Property, plant and equipment | US$ in thousands | 358,800 | 362,000 | 344,500 | 310,000 | 301,200 |
| Fixed asset turnover | 11.13 | 11.01 | 11.79 | 12.11 | 9.94 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,995,100K ÷ $358,800K
= 11.13
The fixed asset turnover ratio for Pentair PLC has shown a positive trend over the past five years, increasing from 9.94 in December 31, 2020, to 11.13 in December 31, 2024. This indicates that the company is generating more revenue relative to its investment in fixed assets. The higher the fixed asset turnover, the more efficiently the company is utilizing its fixed assets to generate sales. The ratios consistently above 10 suggest that Pentair PLC has been effectively managing and utilizing its fixed assets to drive revenue growth. However, it is essential to consider other factors and metrics to get a complete picture of the company's operational efficiency and performance.
Peer comparison
Dec 31, 2024