Apple Inc (AAPL)
Fixed asset turnover
Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
---|---|---|---|---|---|---|
Revenue | US$ in thousands | 391,035,000 | 379,352,000 | 391,397,000 | 363,172,000 | 271,642,000 |
Property, plant and equipment | US$ in thousands | 45,680,000 | 43,715,000 | 42,117,000 | 39,440,000 | 36,766,000 |
Fixed asset turnover | 8.56 | 8.68 | 9.29 | 9.21 | 7.39 |
September 30, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $391,035,000K ÷ $45,680,000K
= 8.56
The fixed asset turnover ratio for Apple Inc has shown variability over the past five years. The ratio indicates how efficiently the company is generating revenue from its investment in fixed assets. A higher fixed asset turnover ratio implies that the company is utilizing its fixed assets effectively to generate sales.
From the data provided, the trend in Apple's fixed asset turnover indicates a generally high level of efficiency in utilizing its fixed assets to generate revenue. The ratio has ranged from 7.39 to 9.29 over the past five years, with a peak in 2022. This suggests that Apple has been consistently effective in generating sales relative to its investment in fixed assets during these years.
However, it is essential to note that a very high fixed asset turnover ratio may also indicate aggressive asset utilization, which could potentially lead to underinvestment in long-term assets needed for future growth. Overall, Apple's stable and relatively high fixed asset turnover ratio signifies efficient management of its fixed assets to drive revenue generation.
Peer comparison
Sep 30, 2024