Adient PLC (ADNT)
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 | 15,356,000 | 15,395,000 | 15,316,000 | 14,746,000 | 14,340,000 | 14,121,000 | 13,242,000 | 12,999,000 | 13,312,000 | 13,680,000 | 14,506,000 | 12,890,000 | 12,582,000 | 12,670,000 | 12,994,000 | 15,587,000 | 16,304,000 | 16,526,000 | 16,750,000 | 17,025,000 |
| Property, plant and equipment | US$ in thousands | 1,401,000 | 1,382,000 | 1,397,000 | 1,416,000 | 1,419,000 | 1,377,000 | 1,443,000 | 1,523,000 | 1,558,000 | 1,607,000 | 1,549,000 | 1,551,000 | 1,606,000 | 1,581,000 | 1,592,000 | 1,591,000 | 1,690,000 | 1,671,000 | 1,687,000 | 1,641,000 |
| Fixed asset turnover | 10.96 | 11.14 | 10.96 | 10.41 | 10.11 | 10.25 | 9.18 | 8.54 | 8.54 | 8.51 | 9.36 | 8.31 | 7.83 | 8.01 | 8.16 | 9.80 | 9.65 | 9.89 | 9.93 | 10.37 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $15,356,000K ÷ $1,401,000K
= 10.96
The fixed asset turnover ratio for Adient plc has been relatively stable over the past eight quarters, ranging from 8.54 to 11.14. This ratio measures how efficiently the company is generating revenue from its investments in fixed assets.
A higher fixed asset turnover ratio indicates that the company is using its fixed assets more efficiently to generate sales. Adient plc's fixed asset turnover ratio has generally been on the higher side, which suggests that the company is effectively utilizing its fixed assets to generate revenue.
Despite some fluctuations in the ratio, the overall trend indicates a consistent level of efficiency in generating sales from fixed assets. This consistency could be a positive indicator of the company's operational efficiency and management of its fixed assets.
It is important for Adient plc to continue monitoring and managing its fixed asset turnover ratio to ensure that its investments in fixed assets are yielding optimal returns and supporting the company's revenue generation goals.
Peer comparison
Dec 31, 2023