Rush Enterprises A Inc (RUSHA)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,804,750 | 7,925,020 | 7,101,670 | 5,126,140 | 4,735,940 |
| Property, plant and equipment | US$ in thousands | 1,615,640 | 1,488,090 | 1,368,590 | 1,278,210 | 1,203,720 |
| Fixed asset turnover | 4.83 | 5.33 | 5.19 | 4.01 | 3.93 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $7,804,750K ÷ $1,615,640K
= 4.83
The fixed asset turnover of Rush Enterprises A Inc has shown a positive trend over the past five years. It increased from 3.93 in December 31, 2020, to 4.01 in December 31, 2021, and further rose to 5.19 in December 31, 2022. This indicates that the company generated $5.19 in sales for every $1 invested in fixed assets in 2022.
The ratio continued to improve reaching 5.33 in December 31, 2023, highlighting the company's efficiency in utilizing its fixed assets to generate revenue. However, there was a slight dip in the ratio to 4.83 in December 31, 2024. Despite the decrease, the company still demonstrated a strong ability to generate sales using its fixed assets efficiently.
Overall, the fixed asset turnover ratio reflects positively on Rush Enterprises A Inc's operational efficiency and asset utilization, indicating a generally effective management of fixed assets to drive revenue growth over the analyzed period.
Peer comparison
Dec 31, 2024