Cactus Inc (WHD)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,129,814 | 1,132,559 | 1,127,248 | 1,142,678 | 1,096,960 | 1,009,868 | 906,479 | 770,875 | 688,369 | 630,511 | 561,393 | 500,071 | 438,589 | 376,763 | 321,189 | 278,844 | 348,566 | 420,714 | 521,733 | 623,678 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 365,191 | 366,954 | 373,330 | 153,181 | 152,331 | 151,286 | 154,424 | 151,655 | 155,269 | 158,845 | 139,497 | 142,825 | 148,696 | 179,645 | 187,743 |
| Fixed asset turnover | — | — | — | — | — | 2.77 | 2.47 | 2.06 | 4.49 | 4.14 | 3.71 | 3.24 | 2.89 | 2.43 | 2.02 | 2.00 | 2.44 | 2.83 | 2.90 | 3.32 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,129,814K ÷ $—K
= —
Fixed asset turnover is a financial ratio that measures the efficiency with which a company utilizes its fixed assets to generate revenue. A higher fixed asset turnover ratio indicates that the company is generating more revenue per dollar of fixed assets.
Analyzing the fixed asset turnover trend of Cactus Inc from March 31, 2020, to June 30, 2024, we observe fluctuations in the ratio. The ratio started at 3.32 on March 31, 2020, which indicates that for every dollar of fixed assets, the company generated $3.32 in revenue. However, the ratio declined over the next few quarters, reaching its lowest point of 2.00 on March 31, 2021. This suggests that the company's efficiency in utilizing its fixed assets to generate revenue decreased during this period.
Subsequently, the fixed asset turnover ratio showed some improvement, increasing to 4.49 by December 31, 2022. This significant increase indicates that Cactus Inc became more efficient in generating revenue from its fixed assets. However, the ratio dropped to 2.06 on March 31, 2023, before recovering to 2.77 by September 30, 2023. The ratios for the periods beyond 2023 are not available in the dataset provided.
Overall, the trend in fixed asset turnover for Cactus Inc indicates some variability in the company's efficiency in utilizing fixed assets to generate revenue. It is essential for the company to maintain a balance between optimizing the use of fixed assets and increasing revenue generation to ensure sustainable growth and profitability.
Peer comparison
Dec 31, 2024