Whirlpool Corporation (WHR)
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 | 16,254,000 | 17,298,000 | 18,058,000 | 18,799,000 | 18,998,000 | 17,159,000 | 17,116,000 | 17,137,000 | 17,721,000 | 20,158,000 | 20,845,000 | 21,538,000 | 21,915,000 | 21,939,000 | 21,757,000 | 20,351,000 | 19,321,000 | 18,905,000 | 19,220,000 | 20,282,000 |
| Property, plant and equipment | US$ in thousands | 2,275,000 | 2,254,000 | 2,254,000 | 2,240,000 | 2,234,000 | 2,150,000 | 2,134,000 | 2,104,000 | 2,102,000 | 2,569,000 | 2,614,000 | 2,764,000 | 2,805,000 | 2,713,000 | 2,734,000 | 2,785,000 | 3,199,000 | 3,136,000 | 3,132,000 | 3,156,000 |
| Fixed asset turnover | 7.14 | 7.67 | 8.01 | 8.39 | 8.50 | 7.98 | 8.02 | 8.14 | 8.43 | 7.85 | 7.97 | 7.79 | 7.81 | 8.09 | 7.96 | 7.31 | 6.04 | 6.03 | 6.14 | 6.43 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $16,254,000K ÷ $2,275,000K
= 7.14
Whirlpool Corporation's fixed asset turnover ratio has shown a generally improving trend over the period from March 31, 2020, to December 31, 2024. The ratio increased from 6.43 as of March 31, 2020, to 8.14 as of March 31, 2023, reflecting the company's ability to generate more sales from its fixed assets.
Although there was a slight decrease in the fixed asset turnover ratio in the subsequent periods, it remained relatively high and stable, indicating efficient utilization of fixed assets to generate revenue. Specifically, the ratio fluctuated between 7.67 and 8.50 from September 30, 2024, to December 31, 2023.
Overall, Whirlpool Corporation's fixed asset turnover ratio suggests that the company has been efficient in leveraging its fixed assets to generate sales throughout the analyzed period. High and stable fixed asset turnover ratios indicate effective management of assets and operational efficiency in converting fixed assets into revenue-generating activities.
Peer comparison
Dec 31, 2024