Tennant Company (TNC)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,286,700 | 1,243,600 | 1,092,200 | 1,090,800 | 1,001,000 |
| Property, plant and equipment | US$ in thousands | — | — | 211,700 | 214,100 | 185,500 |
| Fixed asset turnover | — | — | 5.16 | 5.09 | 5.40 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,286,700K ÷ $—K
= —
The fixed asset turnover ratio for Tennant Company shows a consistent trend over the years, hovering around 5. The ratio indicates that for every dollar invested in fixed assets, the company is generating approximately $5 in sales revenue. In 2020, the ratio was 5.40, slightly decreasing to 5.09 in 2021 before modestly improving to 5.16 in 2022. However, data for 2023 and 2024 is not available. Overall, the company's ability to efficiently utilize its fixed assets to generate sales seems stable and relatively strong based on this ratio analysis. It would be important to monitor future data to assess any significant changes in asset utilization efficiency.
Peer comparison
Dec 31, 2024