Trane Technologies plc (TT)
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 | 19,814,000 | 19,303,200 | 18,684,100 | 18,022,900 | 17,422,900 | 17,077,000 | 16,568,400 | 16,055,800 | 15,750,100 | 15,248,500 | 14,597,800 | 14,234,700 | 13,892,000 | 13,496,200 | 13,266,900 | 12,575,200 | 12,196,000 | 13,164,400 | 14,008,900 | 15,396,900 |
| Property, plant and equipment | US$ in thousands | 2,024,500 | 1,906,600 | 1,827,800 | 1,788,300 | 1,772,200 | 1,683,800 | 1,654,700 | 1,582,300 | 1,536,100 | 1,432,100 | 1,425,900 | 1,422,200 | 1,398,800 | 1,336,700 | 1,324,900 | 1,327,700 | 1,349,500 | 1,314,100 | 1,314,700 | 1,326,200 |
| Fixed asset turnover | 9.79 | 10.12 | 10.22 | 10.08 | 9.83 | 10.14 | 10.01 | 10.15 | 10.25 | 10.65 | 10.24 | 10.01 | 9.93 | 10.10 | 10.01 | 9.47 | 9.04 | 10.02 | 10.66 | 11.61 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $19,814,000K ÷ $2,024,500K
= 9.79
Trane Technologies plc has shown a consistent trend in its fixed asset turnover ratio over the past few years. The fixed asset turnover ratio measures the company's efficiency in generating sales from its investment in fixed assets.
From March 2020 to December 2024, the fixed asset turnover ratio for Trane Technologies plc ranged from a high of 11.61 to a low of 9.04. Generally, a higher fixed asset turnover ratio indicates that the company is effectively using its fixed assets to generate sales revenue.
The ratio generally decreased slightly in the earlier periods but then showed some fluctuation within a narrow range. This indicates some variability in the company's ability to generate revenue from its fixed assets.
Overall, Trane Technologies plc has maintained a relatively healthy fixed asset turnover ratio, suggesting a decent level of efficiency in utilizing its fixed assets to generate sales.
See also:
Trane Technologies plc Net Fixed Asset Turnover (Quarterly Data)