Sealed Air Corporation (SEE)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,392,600 | 5,488,900 | 5,641,900 | 5,533,800 | 4,903,200 |
| Property, plant and equipment | US$ in thousands | — | — | 1,346,100 | 1,295,800 | 1,189,700 |
| Fixed asset turnover | — | — | 4.19 | 4.27 | 4.12 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $5,392,600K ÷ $—K
= —
The fixed asset turnover ratio for Sealed Air Corporation has shown relatively stable performance over the past few years. In 2020, the ratio was 4.12, increasing slightly to 4.27 in 2021, before experiencing a slight decline to 4.19 in 2022. Notably, data for 2023 and 2024 is unavailable.
A fixed asset turnover ratio above 1 indicates that the company generates more revenue per dollar of fixed assets, suggesting efficient utilization of its long-term assets to generate sales. The increasing trend from 2020 to 2021 shows an improvement in asset utilization, although the subsequent decline in 2022 indicates a potential slowdown in this efficiency.
It is important for Sealed Air Corporation to monitor and analyze the factors contributing to these fluctuations in the fixed asset turnover ratio to ensure the optimal utilization of its fixed assets going forward. Additional context and information on the company's operations and industry trends would provide a more comprehensive understanding of these changes.
Peer comparison
Dec 31, 2024