Name: Fixed Asset Turnover

Definition: Fixed asset turnover shows how well the company’s long-term physical assets — factories, equipment, property — are being used to generate sales. A high ratio means the company’s facilities are productive and efficient. A low ratio might signal underused assets or over-investment in equipment that isn’t driving enough sales.

Interpretation:
• In '2021', JRVR's fixed asset turnover was 779.81, illustrating how efficiently fixed assets are generating revenue. Industry average for Property-Casualty Insurers in '2021' stood at 4.05.
• In '2022', JRVR's fixed asset turnover was 621.72, illustrating how efficiently fixed assets are generating revenue. The decline from '2021' may indicate some operational or financial challenges. Industry average for Property-Casualty Insurers in '2022' stood at 5.22. Industry average increased by 1.17 compared to previous year.
• In '2023', JRVR's fixed asset turnover was 88.54, illustrating how efficiently fixed assets are generating revenue. The decline from '2022' may indicate some operational or financial challenges. Industry average for Property-Casualty Insurers in '2023' stood at 3.02. Industry average declined by 2.20 from previous year.
• In '2024', JRVR's fixed asset turnover was 38.49, illustrating how efficiently fixed assets are generating revenue. The decline from '2023' may indicate some operational or financial challenges. Industry average for Property-Casualty Insurers in '2024' stood at 5.11. Industry average increased by 2.10 compared to previous year.
Overall, JRVR's fixed asset turnover has been volatile but showed a downward trend over the past 4 years.

Formula: Fixed Asset Turnover = Net Sales / Net Fixed Assets

Good Range: Ranges from 1 to 5 depending on asset intensity.