Solventum Corp. (SOLV)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Revenue | US$ in thousands | 8,241,000 | 8,130,000 | 8,171,000 | 7,281,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — |
| Fixed asset turnover | — | — | — | — |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $8,241,000K ÷ $—K
= —
To calculate Solventum Corp's fixed asset turnover, we need the relevant financial data, particularly the net sales and average fixed assets. Fixed asset turnover is a financial ratio that measures how efficiently a company is generating sales from its fixed assets.
The formula for fixed asset turnover is:
Fixed Asset Turnover = Net Sales / Average Fixed Assets
Without the specific figures for net sales and average fixed assets for the years ending December 31, 2023, 2022, 2021, and 2020, we cannot compute the fixed asset turnover ratio or provide a detailed analysis. It is crucial to have this information to evaluate Solventum Corp's efficiency in utilizing its fixed assets to generate revenue.
Therefore, further data is required to analyze Solventum Corp's fixed asset turnover trend and assess the effectiveness of its fixed asset management over the specified years.
Peer comparison
Dec 31, 2023