Timken Company (TKR)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,573,000 | 4,769,000 | 4,496,700 | 4,132,900 | 3,513,200 |
| Property, plant and equipment | US$ in thousands | — | — | 1,308,800 | 1,174,200 | 1,153,800 |
| Fixed asset turnover | — | — | 3.44 | 3.52 | 3.04 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $4,573,000K ÷ $—K
= —
The fixed asset turnover ratio for Timken Company has shown a consistent improvement over the years, indicating the company's ability to generate revenue from its investment in fixed assets.
In 2020, the fixed asset turnover was 3.04, which increased to 3.52 by the end of 2021, reflecting an efficient utilization of fixed assets to generate sales.
Although there is missing data for 2023 and 2024, the trend suggests that the company has been maintaining a relatively high fixed asset turnover ratio. This implies that Timken Company is effectively managing its fixed assets to generate sales revenue efficiently.
Overall, the increasing trend in the fixed asset turnover ratio demonstrates Timken Company's efficiency in utilizing its fixed assets to drive sales, indicating a positive financial performance in this aspect.
Peer comparison
Dec 31, 2024