Aecom Technology Corporation (ACM)
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 | 16,105,490 | 15,837,340 | 15,349,640 | 14,895,980 | 14,378,420 | 13,962,180 | 13,540,330 | 13,263,820 | 13,148,180 | 13,075,880 | 13,242,580 | 13,294,420 | 13,340,900 | 13,556,100 | 13,337,400 | 13,317,600 | 13,240,000 | 13,184,400 | 13,354,900 | 13,521,800 |
| Property, plant and equipment | US$ in thousands | 354,400 | 356,878 | 372,384 | 389,728 | 382,638 | 417,080 | 429,815 | 438,808 | 428,239 | 454,403 | 391,564 | 400,902 | 398,876 | 410,864 | 408,168 | 412,636 | 381,700 | 388,864 | 383,871 | 403,882 |
| Fixed asset turnover | 45.44 | 44.38 | 41.22 | 38.22 | 37.58 | 33.48 | 31.50 | 30.23 | 30.70 | 28.78 | 33.82 | 33.16 | 33.45 | 32.99 | 32.68 | 32.27 | 34.69 | 33.90 | 34.79 | 33.48 |
September 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $16,105,490K ÷ $354,400K
= 45.44
Fixed asset turnover measures how efficiently a company utilizes its fixed assets to generate revenue. A higher fixed asset turnover ratio indicates that the company is generating more revenue per dollar invested in fixed assets. Over the periods provided, Aecom Technology Corporation's fixed asset turnover ratio has fluctuated, but generally trended upwards, indicating improved efficiency in utilizing its fixed assets. The ratio increased from 30.23 in December 2022 to 45.44 in September 2024, suggesting that the company is generating more revenue relative to its investment in fixed assets. This improvement could be attributed to better asset utilization, operational efficiency, or increased sales. However, it's essential to compare this ratio with industry benchmarks and the company's historical performance to gain a more comprehensive understanding of Aecom's asset efficiency over time.
Peer comparison
Sep 30, 2024