Gibraltar Industries Inc (ROCK)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,308,760 | 1,377,740 | 1,389,970 | 1,339,780 | 1,032,580 |
| Property, plant and equipment | US$ in thousands | 109,820 | 107,603 | 109,584 | 96,885 | 89,562 |
| Fixed asset turnover | 11.92 | 12.80 | 12.68 | 13.83 | 11.53 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,308,760K ÷ $109,820K
= 11.92
The fixed asset turnover ratio measures how efficiently a company is using its fixed assets to generate revenue. In the case of Gibraltar Industries Inc, the trend in fixed asset turnover from December 31, 2020, to December 31, 2024, shows fluctuations but generally indicates an efficient utilization of fixed assets. The ratio increased from 11.53 in 2020 to 13.83 in 2021, reflecting a significant improvement in asset turnover efficiency. However, there was a slight decrease to 12.68 in 2022, followed by a modest increase to 12.80 in 2023. In 2024, the ratio decreased to 11.92, indicating a slight decline in asset turnover efficiency compared to the previous year. Overall, the company has maintained relatively high fixed asset turnover ratios over the years, suggesting effective management of its fixed assets in generating revenue.
Peer comparison
Dec 31, 2024