AbbVie Inc (ABBV)
Fixed asset turnover
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 33,266,000 | 32,867,000 | 32,624,000 | 32,647,000 |
| Property, plant and equipment | US$ in thousands | 4,989,000 | 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 | 2,962,000 | 2,894,000 | 2,879,000 | 2,860,000 |
| Fixed asset turnover | 10.89 | 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 | 11.23 | 11.36 | 11.33 | 11.42 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $54,318,000K ÷ $4,989,000K
= 10.89
The fixed asset turnover ratio for Abbvie Inc has shown a consistent trend of improvement over the past eight quarters, with the ratio ranging from 10.89 to 11.82. This indicates that the company is generating more revenue from its fixed assets over time.
A high fixed asset turnover ratio signifies that Abbvie Inc efficiently utilizes its fixed assets to generate sales. This could be a result of effective management of operational activities and maximizing the productive capacity of its fixed assets.
Overall, the increasing trend in Abbvie Inc's fixed asset turnover ratio is a positive indicator of the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2023