Valmont Industries Inc (VMI)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,067,420 | 4,116,820 | 4,345,250 | 3,459,920 | 2,854,220 |
| Property, plant and equipment | US$ in thousands | 588,972 | 617,394 | 595,578 | 598,605 | 597,727 |
| Fixed asset turnover | 6.91 | 6.67 | 7.30 | 5.78 | 4.78 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $4,067,420K ÷ $588,972K
= 6.91
Fixed asset turnover ratio measures how efficiently a company generates revenue from its fixed assets. Valmont Industries Inc's fixed asset turnover has shown a positive trend over the years, increasing from 4.78 in 2020 to 6.91 in 2024. This indicates that the company has been improving its ability to generate sales from its investment in fixed assets. The peak ratio of 7.30 in 2022 suggests that Valmont Industries Inc was particularly efficient in utilizing its fixed assets that year. Overall, the increasing trend in fixed asset turnover reflects positively on the company's operational efficiency and ability to generate revenue from its fixed asset base.
Peer comparison
Dec 31, 2024