Agilent Technologies Inc (A)
Fixed asset turnover
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,531,000 | 6,784,000 | 6,774,000 | 6,236,000 | 5,271,000 |
| Property, plant and equipment | US$ in thousands | 1,778,000 | 1,270,000 | 1,100,000 | 945,000 | 845,000 |
| Fixed asset turnover | 3.67 | 5.34 | 6.16 | 6.60 | 6.24 |
October 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $6,531,000K ÷ $1,778,000K
= 3.67
Agilent Technologies Inc's fixed asset turnover has shown a declining trend over the past five years, decreasing from 6.24 in 2020 to 3.67 in 2024. This indicates that the company is generating less revenue from its investments in fixed assets over time. A lower fixed asset turnover may suggest underutilization of assets or inefficiencies in the company's operations. It could also indicate potential issues with asset management or a decrease in productivity. Further analysis is recommended to understand the underlying factors driving this downward trend and to identify potential strategies for improvement.
Peer comparison
Oct 31, 2024