SPX Corp (SPXC)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,983,900 | 1,741,200 | 1,460,900 | 1,219,500 | 1,559,500 |
| Property, plant and equipment | US$ in thousands | — | — | 311,000 | 113,300 | 504,100 |
| Fixed asset turnover | — | — | 4.70 | 10.76 | 3.09 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,983,900K ÷ $—K
= —
The fixed asset turnover ratio for SPX Corp has shown significant fluctuations over the years. In December 31, 2020, the ratio was 3.09, indicating that the company generated $3.09 in revenue for every $1 of fixed assets. This ratio experienced a sharp increase to 10.76 by December 31, 2021, suggesting a substantial improvement in efficiency in utilizing fixed assets to generate revenue.
However, the ratio declined to 4.70 by December 31, 2022, still above the initial ratio but lower than the peak in 2021. The absence of data for December 31, 2023, and 2024 makes it challenging to assess the trend accurately in the more recent years.
Overall, the fluctuation in fixed asset turnover ratios implies varying levels of efficiency in utilizing fixed assets to generate revenue over the analyzed period. Further analysis and comparison with industry benchmarks could provide more insights into SPX Corp's operational efficiency and asset utilization.
Peer comparison
Dec 31, 2024