PPG Industries Inc (PPG)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 15,845,000 | 18,246,000 | 17,652,000 | 16,802,000 | 13,834,000 |
| Property, plant and equipment | US$ in thousands | — | — | 3,328,000 | 3,442,000 | 3,127,000 |
| Fixed asset turnover | — | — | 5.30 | 4.88 | 4.42 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $15,845,000K ÷ $—K
= —
The fixed asset turnover ratio for PPG Industries Inc has shown a positive trend over the past few years, increasing from 4.42 in December 31, 2020, to 4.88 in December 31, 2021, and further to 5.30 in December 31, 2022. This indicates that the company is generating more sales revenue relative to its investment in fixed assets, suggesting improved efficiency in asset utilization. However, the absence of data for December 31, 2023 and December 31, 2024 limits our ability to assess the continuing trend. Overall, the increasing fixed asset turnover ratio reflects positively on PPG Industries Inc's ability to effectively leverage its fixed assets to drive sales growth.
Peer comparison
Dec 31, 2024