RXO Inc. (RXO)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,550,000 | 3,927,000 | 4,796,000 | 4,689,000 | 3,357,000 |
| Property, plant and equipment | US$ in thousands | — | — | 278,000 | 239,000 | 236,000 |
| Fixed asset turnover | — | — | 17.25 | 19.62 | 14.22 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $4,550,000K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company utilizes its fixed assets to generate sales. In the case of RXO Inc., the trend in fixed asset turnover has shown an increasing pattern over the past few years.
As of December 31, 2020, RXO Inc. had a fixed asset turnover ratio of 14.22. This indicates that for every dollar invested in fixed assets, the company generated $14.22 in sales.
By December 31, 2021, the fixed asset turnover ratio had increased to 19.62, showcasing an improvement in the company's ability to generate sales from its fixed assets.
Although the data for December 31, 2022, shows a slight decrease to 17.25 in the fixed asset turnover ratio, it still remains relatively high, suggesting continued efficiency in utilizing fixed assets to drive sales.
However, there is missing data for the years 2023 and 2024, denoted by "—". Without this information, it is challenging to provide a complete analysis of the trend in fixed asset turnover for those years.
Overall, based on the available data, RXO Inc. appears to have been effectively leveraging its fixed assets to drive sales, with a generally positive trajectory in its fixed asset turnover ratio.
Peer comparison
Dec 31, 2024