Sealed Air Corporation (SEE)
Fixed asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,488,900 | 5,517,300 | 5,535,900 | 5,573,100 | 5,641,900 | 5,767,500 | 5,773,800 | 5,684,300 | 5,533,800 | 5,343,200 | 5,173,700 | 4,996,400 | 4,903,200 | 4,861,200 | 4,842,500 | 4,852,300 | 4,791,100 | 4,752,500 | 4,720,200 | 4,714,400 |
| Property, plant and equipment | US$ in thousands | 1,416,400 | 1,386,200 | 1,410,000 | 1,396,500 | 1,275,900 | 1,231,000 | 1,245,900 | 1,252,300 | 1,232,000 | 1,208,800 | 1,202,800 | 1,177,500 | 1,189,700 | 1,136,400 | 1,115,200 | 1,102,200 | 1,141,900 | 1,115,800 | 1,050,100 | 1,026,100 |
| Fixed asset turnover | 3.88 | 3.98 | 3.93 | 3.99 | 4.42 | 4.69 | 4.63 | 4.54 | 4.49 | 4.42 | 4.30 | 4.24 | 4.12 | 4.28 | 4.34 | 4.40 | 4.20 | 4.26 | 4.50 | 4.59 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,488,900K ÷ $1,416,400K
= 3.88
Sealed Air Corp.'s fixed asset turnover has been relatively stable over the past eight quarters, ranging from 3.88 to 4.69. The fixed asset turnover ratio measures how efficiently the company is utilizing its fixed assets to generate revenue. A higher fixed asset turnover indicates that the company is generating more revenue per unit of fixed assets, which is generally seen as a positive sign.
The downward trend in fixed asset turnover from Q4 2022 to Q3 2023 could indicate a decrease in efficiency in utilizing fixed assets to generate sales. However, the ratio has remained above 3.88, which implies that Sealed Air Corp. is efficient in utilizing its fixed assets to generate sales revenue.
Overall, further analysis is needed to understand the specific factors influencing the fluctuations in the fixed asset turnover ratio and to assess the company's overall performance in managing its fixed assets efficiently.
Peer comparison
Dec 31, 2023