Agilent Technologies Inc (A)
Fixed asset turnover
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,489,000 | 6,494,000 | 6,564,000 | 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 |
| Property, plant and equipment | US$ in thousands | 1,778,000 | 1,446,000 | 1,371,000 | 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 |
| Fixed asset turnover | 3.65 | 4.49 | 4.79 | 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 |
October 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $6,489,000K ÷ $1,778,000K
= 3.65
Agilent Technologies Inc's fixed asset turnover has shown a positive trend over the past few years, consistently increasing from 3.65 in October 2020 to 6.10 in January 2020. This indicates that the company is generating more revenue per dollar of fixed assets invested, reflecting efficient utilization of its fixed assets to generate sales.
The steady improvement in fixed asset turnover suggests that Agilent is effectively managing and utilizing its fixed assets to support its revenue generation activities. A higher fixed asset turnover ratio is generally desirable as it signifies that the company is making efficient use of its assets. The values above 6 indicate that the company is generating 6 to 6.5 times its fixed assets in revenue, which is a positive sign of operational efficiency. Overall, the increasing trend in fixed asset turnover reflects positively on Agilent Technologies Inc's operational performance.
Peer comparison
Oct 31, 2024