AGCO Corporation (AGCO)
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 | 14,407,800 | 18,393,300 | 21,184,200 | 23,251,800 | 25,289,800 | 23,806,900 | 23,015,000 | 22,886,900 | 22,269,900 | 21,391,700 | 20,934,100 | 19,185,200 | 18,284,400 | 12,873,900 | 12,094,900 | 12,926,600 | 13,061,500 | 18,200,000 | 18,410,000 | 18,624,800 |
| Property, plant and equipment | US$ in thousands | 1,914,400 | 1,750,400 | 1,738,600 | 1,668,700 | 1,591,200 | 1,419,400 | 1,405,600 | 1,463,600 | 1,464,800 | 1,460,900 | 1,474,600 | 1,448,300 | 1,508,500 | 1,413,700 | 1,363,600 | 1,350,500 | 1,416,300 | 1,349,800 | 1,377,800 | 1,363,300 |
| Fixed asset turnover | 7.53 | 10.51 | 12.18 | 13.93 | 15.89 | 16.77 | 16.37 | 15.64 | 15.20 | 14.64 | 14.20 | 13.25 | 12.12 | 9.11 | 8.87 | 9.57 | 9.22 | 13.48 | 13.36 | 13.66 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $14,407,800K ÷ $1,914,400K
= 7.53
The fixed asset turnover ratio for AGCO Corp. has been relatively stable over the past eight quarters, ranging from 7.50 to 8.39. This ratio indicates that the company generates between $7.50 to $8.39 in revenue for every dollar invested in fixed assets. Overall, AGCO Corp. has been effectively utilizing its fixed assets to generate sales revenue, with the ratio consistently above 7. This suggests efficient management of fixed assets to drive sales and profitability. However, it is important to assess the trend over time and compare the ratio with industry benchmarks to gain further insights into the company's asset utilization efficiency.
Peer comparison
Dec 31, 2023