Standard Motor Products Inc (SMP)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,463,850 | 1,358,270 | 1,371,820 | 1,298,820 | 1,128,590 |
| Property, plant and equipment | US$ in thousands | — | — | 107,148 | 143,255 | 89,105 |
| Fixed asset turnover | — | — | 12.80 | 9.07 | 12.67 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,463,850K ÷ $—K
= —
Standard Motor Products Inc's fixed asset turnover ratio has exhibited fluctuations over the past five years. In 2020, the company achieved a relatively high fixed asset turnover of 12.67, indicating that it generated $12.67 in sales for every dollar invested in fixed assets during that year. However, in 2021, the ratio decreased to 9.07, suggesting a decline in efficiency in utilizing fixed assets to generate revenue.
The ratio then rebounded in 2022 to 12.80, surpassing the 2020 level, indicating improved efficiency in generating sales from fixed assets. Unfortunately, no data is available for 2023 and 2024.
Overall, fluctuations in fixed asset turnover can reflect changes in asset utilization efficiency, investment strategies, or production capacity. Further analysis of operational and financial factors would be needed to comprehensively assess the implications of these fluctuations on Standard Motor Products Inc's overall performance and profitability.
Peer comparison
Dec 31, 2024