Adient PLC (ADNT)
Fixed asset turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 15,395,000 | 14,121,000 | 13,680,000 | 12,670,000 | 16,526,000 |
| Property, plant and equipment | US$ in thousands | 1,382,000 | 1,377,000 | 1,607,000 | 1,581,000 | 1,671,000 |
| Fixed asset turnover | 11.14 | 10.25 | 8.51 | 8.01 | 9.89 |
September 30, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $15,395,000K ÷ $1,382,000K
= 11.14
The fixed asset turnover ratio for Adient plc has shown a consistent increase over the past five years, reaching 11.14 in Sep 30, 2023 from 9.89 in Sep 30, 2019. This indicates that the company is generating more revenue relative to its investment in fixed assets. The higher ratio implies improved efficiency in utilizing its fixed assets to generate sales. Adient plc's ability to generate higher revenue from its fixed assets reflects positively on the company's operational efficiency and capital utilization. This trend suggests that Adient plc has been effectively managing its fixed assets to drive sales growth over the years.
Peer comparison
Sep 30, 2023