Gentherm Inc (THRM)
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 | 1,450,255 | 1,440,414 | 1,447,026 | 1,446,364 | 1,448,509 | 1,428,068 | 1,388,525 | 1,281,481 | 1,193,283 | 1,106,858 | 1,024,469 | 1,025,636 | 1,044,506 | 1,083,664 | 1,096,100 | 964,238 | 903,018 | 845,665 | 833,218 | 941,502 |
| Property, plant and equipment | US$ in thousands | 252,970 | 253,531 | 246,304 | 241,798 | 245,234 | 236,660 | 239,920 | 242,143 | 244,480 | 228,056 | 149,907 | 152,288 | 155,270 | 155,788 | 155,439 | 151,440 | 152,581 | 150,801 | 149,240 | 152,120 |
| Fixed asset turnover | 5.73 | 5.68 | 5.87 | 5.98 | 5.91 | 6.03 | 5.79 | 5.29 | 4.88 | 4.85 | 6.83 | 6.73 | 6.73 | 6.96 | 7.05 | 6.37 | 5.92 | 5.61 | 5.58 | 6.19 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,450,255K ÷ $252,970K
= 5.73
The fixed asset turnover ratio of Gentherm Inc reflects the company's efficiency in generating sales revenue from its investment in fixed assets over the specified period. The ratio has fluctuated over time, ranging from a low of 4.85 in September 30, 2022, to a high of 7.05 in June 30, 2021. The trend indicates some volatility, with occasional peaks and troughs.
Overall, the fixed asset turnover has generally remained within a moderate to high range, suggesting that Gentherm Inc has efficiently utilized its fixed assets to generate sales revenue. However, the slight fluctuations over the years may indicate variations in the company's operational performance or changes in its asset utilization strategies.
It is important for Gentherm Inc to carefully monitor its fixed asset turnover ratio to ensure that its investment in fixed assets is contributing effectively to the generation of sales. Any significant deviations from historical trends should prompt a closer analysis to identify the underlying reasons and potential areas for improvement in asset utilization efficiency.
Peer comparison
Dec 31, 2024