Tootsie Roll Industries Inc (TR)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 723,217 | 769,365 | 681,440 | 566,043 | 471,063 |
| Property, plant and equipment | US$ in thousands | — | — | 212,043 | 208,906 | 187,328 |
| Fixed asset turnover | — | — | 3.21 | 2.71 | 2.51 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $723,217K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company is generating revenue from its investment in fixed assets. Looking at Tootsie Roll Industries Inc's fixed asset turnover over the past few years, we see an improving trend.
In 2020, the company had a fixed asset turnover of 2.51, indicating that for every dollar invested in fixed assets, the company generated $2.51 in revenue. This ratio increased to 2.71 in 2021 and further to 3.21 in 2022, demonstrating a more efficient utilization of fixed assets to generate sales.
However, the data for 2023 and 2024 is not available. It would have been insightful to see if the trend continued to improve or if there were any changes in the company's efficiency in utilizing its fixed assets.
Overall, the increasing trend in fixed asset turnover ratios for Tootsie Roll Industries Inc suggests that the company is becoming more effective in generating revenue from its fixed assets, which is a positive sign for its operational efficiency and financial performance.
Peer comparison
Dec 31, 2024