Pentair PLC (PNR)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,995,100 | 3,977,100 | 3,992,500 | 3,975,700 | 3,987,100 | 4,062,100 | 4,108,400 | 4,090,100 | 4,061,100 | 4,097,400 | 4,011,500 | 3,888,400 | 3,754,700 | 3,572,200 | 3,401,500 | 3,173,700 | 3,017,800 | 2,977,000 | 2,892,100 | 2,978,300 |
| Property, plant and equipment | US$ in thousands | 358,800 | 358,500 | 361,400 | 363,100 | 362,000 | 350,500 | 349,900 | 348,800 | 344,500 | 339,100 | 318,400 | 315,000 | 310,000 | 296,800 | 297,100 | 293,400 | 301,200 | 291,100 | 284,700 | 280,700 |
| Fixed asset turnover | 11.13 | 11.09 | 11.05 | 10.95 | 11.01 | 11.59 | 11.74 | 11.73 | 11.79 | 12.08 | 12.60 | 12.34 | 12.11 | 12.04 | 11.45 | 10.82 | 10.02 | 10.23 | 10.16 | 10.61 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,995,100K ÷ $358,800K
= 11.13
Fixed asset turnover is a financial ratio that measures how efficiently a company is utilizing its fixed assets to generate revenue. Looking at the data provided for Pentair PLC over a series of quarters, we observe a consistent upward trend in the fixed asset turnover ratio.
In March 2020, the fixed asset turnover ratio was at 10.61, indicating that Pentair generated $10.61 in revenue for every $1 of fixed assets invested. Over the subsequent quarters, the ratio fluctuated slightly but generally increased, reaching its peak at 12.60 in June 2022. This increase suggests that Pentair was able to generate more revenue relative to its fixed assets during this period.
However, following the peak in June 2022, the fixed asset turnover ratio began to decline gradually, reaching 11.13 by December 2024. While the ratio dipped from its peak, it remained relatively high compared to the earlier periods, indicating continued efficiency in utilizing fixed assets to generate revenue.
Overall, the trend in Pentair's fixed asset turnover ratio demonstrates a strong operational efficiency in utilizing its fixed assets to generate revenue, with fluctuations in the ratio reflecting potential changes in the company's operational performance and asset utilization strategies.
Peer comparison
Dec 31, 2024