Ufp Industries Inc (UFPI)

Fixed asset turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Revenue US$ in thousands 6,652,310 7,218,380 9,626,740 8,636,130 5,154,000
Property, plant and equipment US$ in thousands 688,982 589,020 417,162
Fixed asset turnover 13.97 14.66 12.35

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $6,652,310K ÷ $—K
= —

The fixed asset turnover ratio for Ufp Industries Inc has shown a generally increasing trend over the past few years. Starting at 12.35 in December 31, 2020, the ratio improved to 14.66 by December 31, 2021, indicating that the company generated $14.66 in sales revenue for each dollar invested in fixed assets.

Although the ratio dipped slightly to 13.97 by December 31, 2022, it still reflects efficient utilization of fixed assets. The lack of data for December 31, 2023 and 2024 makes it challenging to assess the current trend accurately.

In general, a higher fixed asset turnover ratio suggests that the company is effectively using its fixed assets to generate sales. Ufp Industries Inc's increasing trend in fixed asset turnover reflects a positive sign of operational efficiency and potentially effective asset management. However, further analysis across multiple periods would be needed to provide a more comprehensive assessment of the company's overall performance in asset utilization.