Whirlpool Corporation (WHR)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 16,343,000 | 18,998,000 | 17,719,000 | 21,915,000 | 19,274,000 |
| Property, plant and equipment | US$ in thousands | 2,275,000 | 2,234,000 | 2,102,000 | 2,805,000 | 3,199,000 |
| Fixed asset turnover | 7.18 | 8.50 | 8.43 | 7.81 | 6.03 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $16,343,000K ÷ $2,275,000K
= 7.18
The fixed asset turnover ratio for Whirlpool Corporation has shown a positive trend over the years, starting at 6.03 in December 31, 2020, and steadily increasing to reach 7.18 by December 31, 2024. This indicates that the company is generating more revenue per dollar of fixed assets invested, reflecting improved efficiency in utilizing its fixed assets to generate sales. The highest ratio of 8.50 in December 31, 2023 suggests that Whirlpool has been effectively managing and utilizing its fixed assets to support its revenue generation activities. Overall, the increasing trend in fixed asset turnover ratio signals positive operational performance and effective utilization of assets by Whirlpool Corporation.
Peer comparison
Dec 31, 2024