Xylem Inc (XYL)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 8,562,000 | 7,364,000 | 5,522,000 | 5,195,000 | 4,876,000 |
| Property, plant and equipment | US$ in thousands | 1,152,000 | 1,169,000 | 630,000 | 644,000 | 657,000 |
| Fixed asset turnover | 7.43 | 6.30 | 8.77 | 8.07 | 7.42 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $8,562,000K ÷ $1,152,000K
= 7.43
Xylem Inc's fixed asset turnover has shown a generally increasing trend over the past five years, starting at 7.42 in December 31, 2020, and reaching 7.43 by December 31, 2024. This suggests that the company is effectively generating revenue in relation to its investment in fixed assets. The peak ratio of 8.77 on December 31, 2022 indicates a particularly efficient utilization of fixed assets to generate sales.
However, the ratio dropped to 6.30 on December 31, 2023, which could indicate potential issues with asset utilization or changes in the business operations during that period. Overall, an upward trend in fixed asset turnover indicates improved efficiency and productivity in utilizing fixed assets to generate revenue, highlighting positive performance in this aspect for Xylem Inc.
Peer comparison
Dec 31, 2024