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', PRA's fixed asset turnover was 54.88, illustrating how efficiently fixed assets are generating revenue. Industry average for Property-Casualty Insurers in '2021' stood at 4.05.
• In '2022', PRA's fixed asset turnover was 57.11, illustrating how efficiently fixed assets are generating revenue. The increase since '2021' reflects strengthening financial performance. Industry average for Property-Casualty Insurers in '2022' stood at 5.22. Industry average increased by 1.17 compared to previous year.
• In '2023', PRA's fixed asset turnover was 64.12, illustrating how efficiently fixed assets are generating revenue. The increase since '2022' reflects strengthening financial performance. Industry average for Property-Casualty Insurers in '2023' stood at 3.02. Industry average declined by 2.20 from previous year.
• In '2024', PRA's fixed asset turnover was 68.82, illustrating how efficiently fixed assets are generating revenue. The increase since '2023' reflects strengthening financial performance. Industry average for Property-Casualty Insurers in '2024' stood at 5.11. Industry average increased by 2.10 compared to previous year.
Overall, PRA's fixed asset turnover has steadily improved 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.