Sherwin-Williams Co (SHW)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 23,098,500 | 23,051,900 | 22,148,900 | 19,944,600 | 18,361,700 |
| Property, plant and equipment | US$ in thousands | — | — | 2,207,000 | 3,687,900 | 1,834,500 |
| Fixed asset turnover | — | — | 10.04 | 5.41 | 10.01 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $23,098,500K ÷ $—K
= —
The fixed asset turnover ratio for Sherwin-Williams Co has varied over the years. In 2020, the ratio was 10.01, indicating that the company generated $10.01 in revenue for every dollar invested in fixed assets. This high ratio suggests efficient utilization of fixed assets to generate sales.
However, in 2021, the fixed asset turnover ratio decreased to 5.41, which may indicate a decrease in the efficiency of asset utilization in generating revenue. It is important to analyze the reasons behind this decline, such as changes in the company's operations or investments in fixed assets.
In 2022, the fixed asset turnover ratio improved to 10.04, surpassing the 2020 level, suggesting a more efficient use of fixed assets to generate sales. This positive trend indicates an improvement in asset productivity and operational efficiency.
Unfortunately, data for 2023 and 2024 are unavailable (denoted by "—"), making it challenging to assess the company's fixed asset turnover performance for those years. It is important for the company to provide complete financial data for a comprehensive analysis of its asset utilization efficiency over time.
Peer comparison
Dec 31, 2024