Applied Materials Inc (AMAT)
Fixed asset turnover
| Oct 31, 2024 | Oct 27, 2024 | Oct 31, 2023 | Oct 29, 2023 | Oct 31, 2022 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 27,176,000 | 27,176,000 | 26,517,000 | 26,274,000 | 25,785,000 |
| Property, plant and equipment | US$ in thousands | — | 3,339,000 | 2,723,000 | 2,723,000 | 2,307,000 |
| Fixed asset turnover | — | 8.14 | 9.74 | 9.65 | 11.18 |
October 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $27,176,000K ÷ $—K
= —
Applied Materials Inc's fixed asset turnover ratio has shown a decreasing trend over the years, starting at 11.18 as of October 31, 2022, and declining to 9.65 as of October 29, 2023, further decreasing to 9.74 as of October 31, 2023, and dropping to 8.14 as of October 27, 2024. The latest available data for October 31, 2024, is not provided in the JSON.
This decreasing trend in the fixed asset turnover ratio indicates that the company is generating less revenue compared to its fixed assets investments over time. A lower fixed asset turnover ratio may suggest inefficiency in utilizing fixed assets to generate sales. It is essential for Applied Materials Inc to evaluate and improve its asset management strategies to enhance operational efficiency and profitability.
Peer comparison
Oct 31, 2024