United Parcel Service Inc (UPS)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 91,070,000 | 90,958,000 | 100,338,000 | 97,287,000 | 84,628,000 |
| Property, plant and equipment | US$ in thousands | — | — | 38,474,000 | 37,037,000 | 32,254,000 |
| Fixed asset turnover | — | — | 2.61 | 2.63 | 2.62 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $91,070,000K ÷ $—K
= —
The fixed asset turnover ratio for United Parcel Service Inc has been relatively stable over the years, ranging from 2.61 to 2.63. This ratio indicates that for every dollar invested in fixed assets, the company is generating approximately $2.61 to $2.63 in revenue. However, it is important to note that for the most recent years 2023 and 2024, the data is unavailable (denoted by "—"), which may suggest a lack of clarity regarding the company's fixed asset utilization during those periods. Overall, the consistent range of the fixed asset turnover ratio reflects United Parcel Service Inc's efficiency in utilizing its fixed assets to generate revenue, although further analysis would be needed to assess any significant trends or changes in asset utilization strategies.