Titan International Inc (TWI)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,845,940 | 1,821,800 | 2,169,380 | 1,780,220 | 1,259,310 |
| Property, plant and equipment | US$ in thousands | — | — | 305,537 | 322,054 | 319,854 |
| Fixed asset turnover | — | — | 7.10 | 5.53 | 3.94 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,845,940K ÷ $—K
= —
Titan International Inc's fixed asset turnover has shown a positive trend over the years, increasing from 3.94 in December 2020 to 5.53 in December 2021, and further to 7.10 in December 2022. This indicates that the company has been able to generate more sales relative to its investment in fixed assets, reflecting improved efficiency in utilizing its fixed assets to generate revenue. However, the data for December 31, 2023 and December 31, 2024 is not available, so it is important to monitor future trends to assess the sustainability of this performance. Overall, the increasing trend in fixed asset turnover suggests that Titan International Inc is effectively managing its fixed assets to drive sales growth.
Peer comparison
Dec 31, 2024