Cactus Inc (WHD)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,129,810 | 1,096,960 | 688,369 | 438,589 | 348,566 |
| Property, plant and equipment | US$ in thousands | — | — | 153,181 | 151,655 | 142,825 |
| Fixed asset turnover | — | — | 4.49 | 2.89 | 2.44 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,129,810K ÷ $—K
= —
The fixed asset turnover ratio for Cactus Inc has shown a positive trend over the years, increasing from 2.44 in December 31, 2020, to 2.89 in December 31, 2021, further improving to 4.49 in December 31, 2022. This indicates that the company is generating more revenue relative to its investment in fixed assets. The absence of data for December 31, 2023 and December 31, 2024 makes it difficult to evaluate the performance for those years. However, the overall trend suggests efficient utilization of fixed assets to generate sales, which is a positive indicator for the company's operational efficiency and potential for growth.
Peer comparison
Dec 31, 2024