Adient PLC (ADNT)
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 | 14,688,000 | 14,855,000 | 15,194,000 | 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 |
| Property, plant and equipment | US$ in thousands | 1,410,000 | 1,365,000 | 1,371,000 | 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 |
| Fixed asset turnover | 10.42 | 10.88 | 11.08 | 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 |
September 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $14,688,000K ÷ $1,410,000K
= 10.42
Fixed asset turnover is a financial ratio used to evaluate a company's ability to generate revenue from its investment in fixed assets. A higher fixed asset turnover ratio indicates that the company is efficiently utilizing its fixed assets to generate sales.
Looking at the trend of Adient PLC's fixed asset turnover over the past several quarters, we can see that the ratio has generally been increasing over time. This indicates an improvement in the company's efficiency in generating sales from its fixed assets.
The fixed asset turnover ratio for Adient PLC has ranged from 7.83 to 11.14 over the past few years, with the most recent value for September 30, 2024, standing at 10.42. This suggests that for every dollar invested in fixed assets, the company is generating sales revenue of approximately $10.42.
Overall, the increasing trend in the fixed asset turnover ratio for Adient PLC indicates a positive trajectory in the company's efficiency in utilizing its fixed assets to drive sales, which could be a reflection of improved operational performance and resource utilization.
Peer comparison
Sep 30, 2024