Westinghouse Air Brake Technologies Corp (WAB)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,364,000 | 9,432,000 | 8,179,000 | 7,657,000 | 7,339,800 |
| Property, plant and equipment | US$ in thousands | 1,447,000 | 1,485,000 | 1,429,000 | 1,497,000 | 1,601,000 |
| Fixed asset turnover | 7.16 | 6.35 | 5.72 | 5.11 | 4.58 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $10,364,000K ÷ $1,447,000K
= 7.16
Westinghouse Air Brake Technologies Corp's fixed asset turnover has shown a consistent upward trend over the past five years. Starting at 4.58 in December 31, 2020, it has steadily increased to 7.16 by December 31, 2024. This indicates that the company has been able to generate more revenue from its fixed assets each year.
A high fixed asset turnover ratio suggests that the company is efficiently utilizing its fixed assets to generate sales. This may reflect effective asset management, productive operations, or successful cost control measures.
Overall, the increasing trend in Westinghouse Air Brake Technologies Corp's fixed asset turnover ratio demonstrates the company's ability to effectively use its fixed assets to drive revenue growth, which is a positive indicator of operational efficiency and financial performance.
Peer comparison
Dec 31, 2024