Gibraltar Industries Inc (ROCK)
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 | 1,308,764 | 1,335,518 | 1,365,066 | 1,376,975 | 1,377,736 | 1,362,786 | 1,363,333 | 1,365,368 | 1,389,966 | 1,410,554 | 1,388,616 | 1,370,056 | 1,339,783 | 1,270,535 | 1,197,974 | 1,104,769 | 1,032,578 | 993,411 | 957,403 | 926,474 |
| Property, plant and equipment | US$ in thousands | 109,820 | 109,811 | 108,314 | 108,028 | 107,603 | 105,537 | 106,130 | 107,701 | 109,584 | 105,097 | 100,998 | 97,720 | 96,885 | 96,263 | 95,837 | 91,717 | 89,562 | 94,983 | 94,723 | 95,882 |
| Fixed asset turnover | 11.92 | 12.16 | 12.60 | 12.75 | 12.80 | 12.91 | 12.85 | 12.68 | 12.68 | 13.42 | 13.75 | 14.02 | 13.83 | 13.20 | 12.50 | 12.05 | 11.53 | 10.46 | 10.11 | 9.66 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,308,764K ÷ $109,820K
= 11.92
The fixed asset turnover ratio for Gibraltar Industries Inc has shown a consistent increasing trend from March 31, 2020 to September 30, 2021, indicating the company's ability to generate more revenue from its fixed assets over time. The ratio peaked at 13.83 on December 31, 2021, reflecting the efficient utilization of fixed assets to generate sales.
However, starting from March 31, 2022, the fixed asset turnover ratio began to decline, reaching 11.92 on December 31, 2024. This downward trend suggests a potential decrease in the company's sales relative to its investment in fixed assets.
Overall, the fluctuation in the fixed asset turnover ratio over the period indicates varying levels of efficiency in utilizing fixed assets to generate revenue. It would be advisable for Gibraltar Industries Inc to closely monitor and analyze the factors contributing to the changes in this ratio to ensure optimal utilization of fixed assets in driving sales growth.
Peer comparison
Dec 31, 2024