Amentum Holdings Inc. (AMTM)
Fixed asset turnover
| Sep 30, 2024 | Dec 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 8,343,000 | 5,536,000 | 5,183,000 |
| Property, plant and equipment | US$ in thousands | 144,000 | — | — |
| Fixed asset turnover | 57.94 | — | — |
September 30, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $8,343,000K ÷ $144,000K
= 57.94
The fixed asset turnover ratio for Amentum Holdings Inc. was not available for December 31, 2022, and December 31, 2023. However, as of September 30, 2024, the fixed asset turnover ratio was 57.94.
This indicates that the company generated $57.94 in revenue for every dollar invested in fixed assets during the period ending September 30, 2024. A high fixed asset turnover ratio is generally favorable as it suggests efficient utilization of fixed assets to generate sales.
However, it is important to note that a very high fixed asset turnover ratio may also indicate that the company is underutilizing its fixed assets or may be outsourcing key functions. It would be advisable to compare this ratio with industry benchmarks and historical data to gain a better understanding of Amentum Holdings Inc.'s performance in this area.
Peer comparison
Sep 30, 2024