Trimble Inc (TRMB)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,683,300 | 3,798,700 | 3,676,300 | 3,659,100 | 3,147,700 |
| Property, plant and equipment | US$ in thousands | — | — | 219,000 | 374,200 | 251,800 |
| Fixed asset turnover | — | — | 16.79 | 9.78 | 12.50 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,683,300K ÷ $—K
= —
Fixed asset turnover is a measure that assesses a company's ability to generate revenue from its investments in fixed assets. The ratio is calculated by dividing net sales by average fixed assets.
Based on the data provided for Trimble Inc:
- On December 31, 2020, the fixed asset turnover was 12.50.
- By December 31, 2021, the ratio decreased to 9.78, indicating a decrease in the company's efficiency in generating revenue from its fixed assets.
- The ratio improved significantly by December 31, 2022, reaching 16.79, suggesting a more effective utilization of fixed assets to generate sales.
Unfortunately, data was unavailable for December 31, 2023 and December 31, 2024, which limits the ability to analyze trends over those periods.
Overall, the trend in fixed asset turnover for Trimble Inc shows some fluctuations, with a notable improvement in 2022. It would be beneficial to look into the factors influencing these changes to better understand the company's operational efficiency and asset utilization.
Peer comparison
Dec 31, 2024