Apple Inc (AAPL)
Fixed asset turnover
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 391,035,000 | 384,601,000 | 379,623,000 | 383,706,000 | 380,282,000 | 381,105,000 | 382,546,000 | 384,297,000 | 391,397,000 | 384,766,000 | 383,295,000 | 375,622,000 | 363,172,000 | 345,182,000 | 323,401,000 | 292,043,000 | 272,276,000 | 271,618,000 | 265,573,000 | 265,022,000 |
| Property, plant and equipment | US$ in thousands | 45,680,000 | 44,502,000 | 43,546,000 | 43,666,000 | 43,715,000 | 43,550,000 | 43,398,000 | 42,951,000 | 42,117,000 | 40,335,000 | 39,304,000 | 39,245,000 | 39,440,000 | 38,615,000 | 37,815,000 | 37,933,000 | 36,766,000 | 35,687,000 | 35,889,000 | 37,031,000 |
| Fixed asset turnover | 8.56 | 8.64 | 8.72 | 8.79 | 8.70 | 8.75 | 8.81 | 8.95 | 9.29 | 9.54 | 9.75 | 9.57 | 9.21 | 8.94 | 8.55 | 7.70 | 7.41 | 7.61 | 7.40 | 7.16 |
September 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $391,035,000K ÷ $45,680,000K
= 8.56
Fixed asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its fixed assets. A higher fixed asset turnover indicates that the company is able to generate more sales from its investment in fixed assets.
From the data provided for Apple Inc, we can see that the fixed asset turnover has been consistently high, ranging from 7.16 to 9.75 over the past eight quarters. This suggests that Apple has been effectively utilizing its fixed assets to generate sales revenue.
The trend shows a general increase in fixed asset turnover over the periods, with some fluctuations. The highest fixed asset turnover was recorded in the quarter ending June 30, 2022, at 9.75, indicating that Apple was particularly efficient in generating sales from its fixed assets during that period.
Overall, Apple's performance in terms of fixed asset turnover indicates a strong operational efficiency in utilizing its fixed assets to drive revenue generation. Investors and analysts tend to view a high and improving fixed asset turnover positively as it signifies efficient use of resources.
Peer comparison
Sep 30, 2024