AbbVie Inc (ABBV)
Fixed asset turnover
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 56,334,000 | 55,533,000 | 55,000,000 | 54,403,000 | 54,318,000 | 55,138,000 | 56,023,000 | 56,741,000 | 58,054,000 | 57,819,000 | 57,349,000 | 56,725,000 | 56,197,000 | 55,169,000 | 53,729,000 | 50,195,000 | 45,804,000 | 40,650,000 | 36,227,000 | 34,057,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 4,934,000 | 4,943,000 | 4,931,000 | 4,935,000 | 4,893,000 | 4,958,000 | 5,075,000 | 5,110,000 | 5,130,000 | 5,161,000 | 5,193,000 | 5,248,000 | 4,986,000 | 4,908,000 | 2,961,000 |
| Fixed asset turnover | — | — | — | — | — | 11.18 | 11.33 | 11.51 | 11.76 | 11.82 | 11.57 | 11.18 | 11.00 | 10.75 | 10.41 | 9.67 | 8.73 | 8.15 | 7.38 | 11.50 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $56,334,000K ÷ $—K
= —
The fixed asset turnover ratio is a financial metric used to evaluate a company's efficiency in generating sales revenue from its investment in fixed assets. A higher fixed asset turnover ratio indicates that a company is effectively utilizing its fixed assets to generate sales.
For AbbVie Inc, the fixed asset turnover ratio has exhibited variations over the past few years. From March 31, 2020, to June 30, 2022, the ratio steadily increased from 11.50 to 11.57, indicating an improvement in the company's efficiency in utilizing its fixed assets to generate sales revenue.
However, there was a slight dip in the ratio in the following quarters up to December 31, 2022, where it reached 11.76, possibly suggesting a temporary slowdown in the utilization of fixed assets for revenue generation.
Subsequently, the ratio declined slightly to 11.51 by March 31, 2023, and further decreased to 11.18 by September 30, 2023. These decreases may indicate a potential decrease in the efficiency of AbbVie Inc in generating sales from its fixed assets during this period.
As of the most recent available data, the fixed asset turnover ratio stood at 11.18 as of September 30, 2023. It is important for investors and analysts to monitor this ratio over time to assess the company's ability to efficiently use its fixed assets to drive revenue growth.
Peer comparison
Dec 31, 2024