Southwest Gas Holdings Inc (SWX)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,112,440 | 5,433,970 | 4,960,010 | 3,680,450 | 3,298,870 |
| Property, plant and equipment | US$ in thousands | — | — | 1,144,930 | 8,910,500 | 7,010,330 |
| Fixed asset turnover | — | — | 4.33 | 0.41 | 0.47 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $5,112,440K ÷ $—K
= —
Fixed asset turnover is a financial ratio that measures a company's ability to generate revenue from its fixed assets. Southwest Gas Holdings Inc's fixed asset turnover ratio has shown a fluctuating trend over the years.
In 2020, the fixed asset turnover ratio was 0.47, indicating that for every dollar invested in fixed assets, the company generated $0.47 in revenue. The ratio decreased to 0.41 in 2021, suggesting a decline in the efficiency of the company's fixed asset utilization.
However, in 2022, there was a significant improvement as the fixed asset turnover ratio spiked to 4.33. This increase may indicate better asset management or increased revenue generation relative to the investment in fixed assets.
Unfortunately, the data for 2023 and 2024 is not available (denoted by "—"). It would be beneficial to monitor this ratio in the upcoming years to assess the company's efficiency in utilizing its fixed assets and generating revenue.
Peer comparison
Dec 31, 2024