Advanced Energy Industries Inc (AEIS)
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 | 1,639,083 | 1,729,945 | 1,837,914 | 1,864,718 | 1,838,443 | 1,745,464 | 1,576,116 | 1,496,837 | 1,451,137 | 1,425,066 | 1,468,727 | 1,447,130 | 1,409,954 | 1,378,932 | 1,164,898 | 961,575 | 789,424 | 605,317 | 603,631 | 664,251 |
| Property, plant and equipment | US$ in thousands | 167,665 | 161,671 | 159,025 | 152,762 | 148,462 | 136,502 | 126,793 | 117,287 | 114,830 | 114,801 | 115,160 | 112,842 | 114,731 | 109,975 | 107,554 | 105,592 | 108,109 | 104,568 | 34,692 | 31,058 |
| Fixed asset turnover | 9.78 | 10.70 | 11.56 | 12.21 | 12.38 | 12.79 | 12.43 | 12.76 | 12.64 | 12.41 | 12.75 | 12.82 | 12.29 | 12.54 | 10.83 | 9.11 | 7.30 | 5.79 | 17.40 | 21.39 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,639,083K ÷ $167,665K
= 9.78
Fixed asset turnover measures how efficiently a company is utilizing its fixed assets to generate revenue. Advanced Energy Industries Inc. experienced a slight decline in fixed asset turnover over the past quarters, from 12.80 in Q1 2022 to 9.88 in Q4 2023. This indicates that the company may be generating less revenue relative to its investment in fixed assets. However, it is worth noting that the fixed asset turnover remained relatively stable in the range of 9.88 to 12.80, suggesting that the company has been able to maintain a consistent level of efficiency in utilizing its fixed assets. Further analysis would be needed to determine the specific factors driving the fluctuations in fixed asset turnover and assess the overall operational performance of Advanced Energy Industries Inc.
Peer comparison
Dec 31, 2023