AMC Networks Inc (AMCX)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,567,570 | 2,966,680 | 2,943,660 | 2,671,620 | 2,943,430 |
| Property, plant and equipment | US$ in thousands | 159,237 | 202,034 | 225,791 | 256,045 | 283,752 |
| Fixed asset turnover | 16.12 | 14.68 | 13.04 | 10.43 | 10.37 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,567,570K ÷ $159,237K
= 16.12
AMC Networks Inc's fixed asset turnover has shown a consistent upward trend over the past five years, indicating an improvement in the company's efficiency in generating revenue from its fixed assets. The ratio has increased from 10.79 in 2019 to 17.03 in 2023. This suggests that the company has been able to generate $17.03 in revenue for every dollar invested in fixed assets in 2023, reflecting a significant increase in asset utilization efficiency.
The steady improvement in fixed asset turnover suggests that AMC Networks Inc has been utilizing its fixed assets more effectively to generate sales, possibly through better operational efficiency or strategic investments in assets. This trend is a positive indication of the company's ability to efficiently manage its assets and generate revenue from its fixed asset base. It also reflects potential improvements in operational performance and profitability over the years.
Peer comparison
Dec 31, 2023