Werner Enterprises Inc (WERN)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,030,260 | 3,283,500 | 3,289,980 | 2,734,370 | 2,372,180 |
| Property, plant and equipment | US$ in thousands | — | — | 1,866,240 | 1,613,240 | 1,543,260 |
| Fixed asset turnover | — | — | 1.76 | 1.69 | 1.54 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,030,260K ÷ $—K
= —
The fixed asset turnover ratio measures the efficiency with which a company generates revenue from its fixed assets. Werner Enterprises Inc's fixed asset turnover has shown a positive trend over the past few years.
In 2020, the fixed asset turnover was 1.54, indicating that the company generated $1.54 in revenue for every dollar invested in fixed assets. This ratio increased to 1.69 in 2021 and further to 1.76 in 2022, suggesting an improvement in the company's ability to utilize its fixed assets to generate revenue.
However, there is missing data for 2023 and 2024, which limits a comprehensive analysis for those years. It could be due to various reasons such as a change in reporting practices or incomplete financial data.
Overall, the increasing trend in Werner Enterprises Inc's fixed asset turnover reflects positively on the company's efficiency in utilizing its fixed assets to drive revenue growth. An increase in this ratio indicates better asset utilization, which can lead to improved profitability and operational efficiency. It would be important for the company to continue monitoring and managing its fixed asset turnover to ensure sustained growth and profitability in the future.
Peer comparison
Dec 31, 2024