Agilent Technologies Inc (A)
Fixed asset turnover
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,700,000 | 6,806,000 | 6,912,000 | 6,975,000 | 6,872,000 | 6,783,000 | 6,604,000 | 6,458,000 | 6,377,000 | 6,248,000 | 6,057,000 | 5,738,000 | 5,454,000 | 5,271,000 | 5,138,000 | 5,148,000 | 5,148,000 | 5,073,000 | 4,928,000 | 4,859,000 |
| Property, plant and equipment | US$ in thousands | 1,314,000 | 1,270,000 | 1,211,000 | 1,184,000 | 1,147,000 | 1,100,000 | 1,054,000 | 1,010,000 | 974,000 | 945,000 | 905,000 | 884,000 | 866,000 | 845,000 | 846,000 | 836,000 | 844,000 | 850,000 | 839,000 | 827,000 |
| Fixed asset turnover | 5.10 | 5.36 | 5.71 | 5.89 | 5.99 | 6.17 | 6.27 | 6.39 | 6.55 | 6.61 | 6.69 | 6.49 | 6.30 | 6.24 | 6.07 | 6.16 | 6.10 | 5.97 | 5.87 | 5.88 |
January 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $6,700,000K ÷ $1,314,000K
= 5.10
Agilent Technologies Inc. has maintained a relatively stable fixed asset turnover ratio over the past eight quarters, ranging from 5.13 to 6.46. Fixed asset turnover measures the efficiency of the company in generating sales revenue from its investment in fixed assets.
The decreasing trend from Q1 2023 to Q2 2024 may indicate that Agilent Technologies Inc. is becoming less efficient in utilizing its fixed assets to generate sales revenue. However, it is important to consider other factors such as changes in business strategy, investments in new technologies, or shifts in the industry that could influence this trend.
Overall, a fixed asset turnover ratio above 5 suggests that Agilent Technologies Inc. is effectively using its fixed assets to generate sales, indicating good operational efficiency. However, the company should continue to monitor and analyze this ratio in conjunction with other financial metrics to ensure sustainable growth and profitability.
Peer comparison
Jan 31, 2024