Aecom Technology Corporation (ACM)
Fixed asset turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 16,105,500 | 14,378,500 | 13,148,200 | 13,340,900 | 13,240,000 |
| Property, plant and equipment | US$ in thousands | 354,400 | 382,638 | 428,239 | 398,876 | 381,700 |
| Fixed asset turnover | 45.44 | 37.58 | 30.70 | 33.45 | 34.69 |
September 30, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $16,105,500K ÷ $354,400K
= 45.44
Fixed asset turnover is a financial ratio that measures how efficiently a company generates revenue from its fixed assets. A higher fixed asset turnover ratio indicates better utilization of fixed assets to generate sales.
Analyzing Aecom Technology Corporation's fixed asset turnover over the past five years, we observe a fluctuating trend. In 2024, the fixed asset turnover ratio reached 45.44, showing a significant increase from the previous year's ratio of 37.58. This surge suggests improved efficiency in generating revenue from fixed assets.
In 2022 and 2021, the fixed asset turnover ratios were 30.70 and 33.45, respectively, indicating a consistent ability to generate revenue from fixed assets, though slightly lower than the most recent figure. This indicates that the company has historically been efficient in utilizing its fixed assets to generate sales.
In 2020, the fixed asset turnover ratio was 34.69, displaying a strong performance similar to the following years. Overall, Aecom Technology Corporation has shown a generally positive trend in efficiently utilizing its fixed assets to generate revenue, with fluctuations likely influenced by business operations and investment decisions.
Peer comparison
Sep 30, 2024