Aecom Technology Corporation (ACM)
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 | 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 | 13,642,500 | 15,434,900 | 17,222,700 |
| Property, plant and equipment | US$ in thousands | 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 | 405,605 | 603,480 | 596,374 |
| Fixed asset turnover | 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 | 33.63 | 25.58 | 28.88 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $14,895,980K ÷ $389,728K
= 38.22
AECOM's fixed asset turnover has exhibited fluctuations over the past eight quarters, ranging from a high of 38.22 in Q1 2024 to a low of 28.78 in Q3 2022. Generally, the fixed asset turnover has shown an increasing trend since Q2 2023, indicating an improvement in the company's utilization of its fixed assets to generate revenue.
The ratio measures how efficiently a company generates revenue from its investments in fixed assets, such as property, plant, and equipment. The higher the fixed asset turnover, the more effectively the company is using its fixed assets to drive sales.
AECOM's recent performance in terms of fixed asset turnover suggests that the company has been able to enhance its operational efficiency and productivity in utilizing its fixed assets to generate revenue. However, it is essential to monitor this ratio consistently to ensure that the company maintains or improves its efficiency in utilizing fixed assets over time.
Peer comparison
Dec 31, 2023