Silgan Holdings Inc (SLGN)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,854,690 | 5,988,200 | 6,411,500 | 5,677,100 | 4,921,900 |
| Property, plant and equipment | US$ in thousands | — | — | 2,137,300 | 1,993,900 | 1,840,800 |
| Fixed asset turnover | — | — | 3.00 | 2.85 | 2.67 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $5,854,690K ÷ $—K
= —
Based on the data provided, the fixed asset turnover of Silgan Holdings Inc has shown a positive trend over the past years. The fixed asset turnover ratio measures how efficiently a company generates revenue from its fixed assets.
In December 31, 2020, the fixed asset turnover ratio was 2.67, indicating that the company generated $2.67 in revenue for every dollar invested in fixed assets. This ratio increased to 2.85 by December 31, 2021, and further improved to 3.00 by December 31, 2022.
The significant improvement in the fixed asset turnover ratio suggests that Silgan Holdings Inc has been able to utilize its fixed assets more efficiently over the years, leading to a higher level of revenue generation relative to its investment in fixed assets.
It's noteworthy that the fixed asset turnover data is not provided for December 31, 2023, and December 31, 2024. This could be due to various reasons, such as changes in the company's reporting practices or data availability.
Overall, the increasing trend in Silgan Holdings Inc's fixed asset turnover ratio indicates improved operational efficiency and the effective utilization of fixed assets to drive revenue growth.
Peer comparison
Dec 31, 2024