Advanced Micro Devices Inc (AMD)

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	22,910,000	22,190,000	21,950,000	23,144,000	23,650,000	22,763,000	21,535,000	18,850,000	16,413,000	14,803,000	13,287,000	11,365,000	9,698,000	8,572,000	7,519,000	7,107,000	6,643,000	5,924,000	5,810,000	6,029,000
Property, plant and equipment	US$ in thousands	1,589,000	1,566,000	1,541,000	1,500,000	1,513,000	1,486,000	1,441,000	1,406,000	702,000	717,000	671,000	681,000	641,000	595,000	585,000	540,000	500,000	453,000	458,000	377,000
Fixed asset turnover		14.42	14.17	14.24	15.43	15.63	15.32	14.94	13.41	23.38	20.65	19.80	16.69	15.13	14.41	12.85	13.16	13.29	13.08	12.69	15.99

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $22,910,000K ÷ $1,589,000K
= 14.42

The fixed asset turnover ratio for Advanced Micro Devices Inc has shown a generally positive trend over the past few years, indicating the company's ability to generate sales from its fixed assets efficiently.

The ratio has ranged from a low of 12.69 to a high of 23.38, with an average value of approximately 15.04. This suggests that, on average, the company generates $15.04 in sales for every dollar invested in fixed assets.

The company's fixed asset turnover ratio peaked at 23.38 in the fourth quarter of 2021, indicating that AMD was highly efficient in utilizing its fixed assets to generate revenue during that period.

Although there has been some variability in the ratio over the quarters, on the whole, the trend is positive, showcasing the company's ability to efficiently utilize its fixed assets to drive revenue growth. This trend indicates effective management of fixed assets, which is crucial for maintaining operational efficiency and profitability.