Resideo Technologies Inc (REZI)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,761,000 | 6,242,000 | 6,370,000 | 5,846,000 | 5,071,000 |
| Property, plant and equipment | US$ in thousands | — | — | 366,000 | 287,000 | 318,000 |
| Fixed asset turnover | — | — | 17.40 | 20.37 | 15.95 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $6,761,000K ÷ $—K
= —
Based on the fixed asset turnover ratios provided for Resideo Technologies Inc, the company's efficiency in generating revenue from its fixed assets has displayed fluctuation over the years. The ratio increased from 15.95 in December 31, 2020, to 20.37 in December 31, 2021, indicating that the company was able to generate more sales per dollar of fixed assets during this period.
However, there was a slight decline in the fixed asset turnover ratio to 17.40 as of December 31, 2022, suggesting a lower efficiency in utilizing its fixed assets to generate revenue compared to the previous year. Unfortunately, no data is available for analysis for the subsequent years, December 31, 2023, and December 31, 2024.
Overall, the trend indicates that the company was initially improving its efficiency in generating sales from fixed assets, but there was a slight setback in the following year. It would be important to monitor future fixed asset turnover ratios to assess whether the company can sustain or improve its efficiency in utilizing fixed assets effectively to drive revenue growth.