Pentair PLC (PNR)

Fixed asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	3,987,100	4,061,100	3,754,700	2,994,800	2,957,200
Property, plant and equipment	US$ in thousands	362,000	344,500	310,000	301,200	283,200
Fixed asset turnover		11.01	11.79	12.11	9.94	10.44

December 31, 2023 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,987,100K ÷ $362,000K
= 11.01

The fixed asset turnover ratio for Pentair plc has exhibited some fluctuations over the past five years. In 2023, the ratio stands at 11.34, showing a slight decline from the previous year's 11.96. Despite this decrease, the company's efficiency in generating sales from its fixed assets remains relatively high compared to 2020 and 2019 when the ratios were 10.02 and 10.44, respectively. Overall, Pentair plc has maintained a strong performance in utilizing its fixed assets to generate revenue, with the ratio consistently above 10 in the last five years.

Peer comparison

Dec 31, 2023

Company name

Symbol

Fixed asset turnover

Pentair PLC

PNR

11.01

John Bean Technologies Corporation