SPX Corp (SPXC)
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 | 1,983,900 | 1,919,600 | 1,884,600 | 1,806,600 | 1,741,200 | 1,701,100 | 1,622,900 | 1,553,600 | 1,460,900 | 1,381,600 | 1,296,900 | 1,239,600 | 1,331,000 | 1,437,800 | 1,515,400 | 1,591,900 | 1,562,700 | 1,550,500 | 1,551,900 | 1,551,100 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 135,100 | 343,800 | 314,600 | 311,000 | 107,000 | 310,400 | 309,800 | 113,300 | 108,000 | 113,000 | 186,600 | 504,100 | 187,600 | 178,100 | 176,900 |
| Fixed asset turnover | — | — | — | — | — | 12.59 | 4.72 | 4.94 | 4.70 | 12.91 | 4.18 | 4.00 | 11.75 | 13.31 | 13.41 | 8.53 | 3.10 | 8.26 | 8.71 | 8.77 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,983,900K ÷ $—K
= —
Fixed asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its investment in fixed assets. The fixed asset turnover of SPX Corp fluctuated over the years based on the provided data.
In March 2020, the fixed asset turnover was 8.77, indicating that for every dollar invested in fixed assets, the company generated $8.77 in sales. This ratio remained relatively stable until December 2020 when it dropped significantly to 3.10, which may indicate a decrease in efficiency in utilizing fixed assets to generate revenue.
Subsequently, there was a notable improvement in the fixed asset turnover in June 2021 and September 2021, reaching 13.41 and 13.31, respectively. This suggests that the company was able to generate a significantly higher level of sales revenue relative to its investment in fixed assets during this period.
However, the ratio declined in the following quarters, with fluctuations observed until September 2023, where the fixed asset turnover was 12.59. The ratios from March 2022 to June 2023 ranged between 4.00 and 4.94, indicating a moderate level of efficiency in utilizing fixed assets to generate sales.
The data shows that fixed asset turnover for the periods from December 2023 to December 2024 was not provided (denoted as "—"), making it challenging to analyze the trend during this specific timeframe.
Overall, the trend in SPX Corp's fixed asset turnover suggests varying levels of efficiency in utilizing fixed assets to generate sales revenue over the years, with fluctuations observed in different quarters. Analyzing this ratio can provide insights into the company's asset management efficiency and operational performance.
Peer comparison
Dec 31, 2024