Sherwin-Williams Co (SHW)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 23,098,500 | 23,053,500 | 23,007,700 | 22,976,800 | 23,051,900 | 23,030,200 | 22,960,900 | 22,592,600 | 22,148,900 | 21,680,500 | 20,779,800 | 20,287,300 | 19,944,600 | 19,671,300 | 19,646,800 | 18,871,000 | 18,361,700 | 17,987,300 | 17,732,750 | 18,006,610 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 4,455,300 | 2,442,500 | 2,362,000 | 2,207,000 | 2,041,200 | 1,961,900 | 1,907,300 | 3,687,900 | 3,601,600 | 3,570,500 | 3,509,200 | 1,834,500 | 1,780,000 | 1,798,600 | 1,829,500 |
| Fixed asset turnover | — | — | — | — | — | 5.17 | 9.40 | 9.57 | 10.04 | 10.62 | 10.59 | 10.64 | 5.41 | 5.46 | 5.50 | 5.38 | 10.01 | 10.11 | 9.86 | 9.84 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $23,098,500K ÷ $—K
= —
Sherwin-Williams Co's fixed asset turnover ratio has shown fluctuations over the years. In general, the fixed asset turnover ratio measures how efficiently a company is using its fixed assets to generate sales.
From March 31, 2020, to December 31, 2021, the company's fixed asset turnover ratio showed a consistently high value, ranging from 9.84 to 10.64. This indicated that Sherwin-Williams Co was effectively utilizing its fixed assets to generate revenue during this period.
However, from March 31, 2022, to September 30, 2023, there was a notable decrease in the fixed asset turnover ratio, dropping to as low as 5.17. This decline may suggest a potential inefficiency in utilizing the company's fixed assets to generate sales during this period.
Moreover, the fixed asset turnover ratio was not reported for the final quarters of 2023 and for the entirety of 2024, which makes an assessment of recent trends challenging.
Overall, fluctuations in Sherwin-Williams Co's fixed asset turnover ratio indicate varying levels of efficiency in utilizing fixed assets to generate sales, and further analysis would be required to understand the underlying reasons for these fluctuations.
Peer comparison
Dec 31, 2024
See also:
Sherwin-Williams Co Net Fixed Asset Turnover (Quarterly Data)