Timken Company (TKR)
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 | 4,573,000 | 4,590,600 | 4,606,500 | 4,696,500 | 4,769,000 | 4,759,800 | 4,753,500 | 4,634,900 | 4,496,700 | 4,422,000 | 4,322,900 | 4,232,100 | 4,132,900 | 4,017,300 | 3,874,600 | 3,615,200 | 3,513,200 | 3,517,700 | 3,537,100 | 3,733,600 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 1,358,700 | 1,255,500 | 1,228,500 | 1,308,800 | 1,171,400 | 1,205,200 | 1,039,900 | 1,174,200 | 1,145,100 | 1,140,400 | 1,020,600 | 1,153,800 | 980,200 | 962,100 | 961,600 |
| Fixed asset turnover | — | — | — | — | — | 3.50 | 3.79 | 3.77 | 3.44 | 3.77 | 3.59 | 4.07 | 3.52 | 3.51 | 3.40 | 3.54 | 3.04 | 3.59 | 3.68 | 3.88 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,573,000K ÷ $—K
= —
The fixed asset turnover ratio for Timken Company has shown some fluctuations over the past several quarters.
- The ratio decreased from 3.88 in March 2020 to 3.04 in December 2020, showing a decline in the efficiency of utilizing fixed assets to generate revenue.
- There was a gradual recovery in the ratio from March 2021 to March 2022, reaching a peak of 4.07, indicating an improvement in asset utilization.
- However, the ratio dropped to 3.44 by December 2022 and fluctuated around this level through September 2023, reflecting some variability in asset turnover efficiency.
- Notably, data is unavailable for the fixed asset turnover ratio from December 2023 onwards, which limits the ability to assess recent trends in asset utilization.
Overall, while there have been fluctuations in Timken Company's fixed asset turnover ratio, the company has generally maintained a level of efficiency in utilizing its fixed assets to generate revenue, with room for potential improvements in the future.
Peer comparison
Dec 31, 2024