Watts Water Technologies Inc (WTS)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,252,200 | 2,056,300 | 1,979,500 | 1,809,200 | 1,508,600 |
| Property, plant and equipment | US$ in thousands | — | — | 196,800 | 200,700 | 212,300 |
| Fixed asset turnover | — | — | 10.06 | 9.01 | 7.11 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,252,200K ÷ $—K
= —
The fixed asset turnover of Watts Water Technologies Inc has shown a positive trend over the years, increasing from 7.11 in December 31, 2020 to 9.01 in December 31, 2021, and further to 10.06 in December 31, 2022. This indicates that the company is generating more revenue relative to its investment in fixed assets, which is a positive sign of efficiency in asset utilization. However, it is noted that the data for December 31, 2023 and December 31, 2024 is not available. It would be beneficial to monitor this ratio in the future to assess the company's ongoing ability to generate sales from its fixed assets.
Peer comparison
Dec 31, 2024