Amazon.com Inc (AMZN)

Fixed asset turnover

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Revenue US$ in thousands 571,668,000 511,276,000 467,958,000 384,452,000 278,902,000
Property, plant and equipment US$ in thousands 204,177,000 186,715,000 160,281,000 45,014,000 72,705,000
Fixed asset turnover 2.80 2.74 2.92 8.54 3.84

December 31, 2023 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $571,668,000K ÷ $204,177,000K
= 2.80

The fixed asset turnover ratio for Amazon.com Inc. has exhibited a declining trend over the past five years, decreasing from 3.86 in 2019 to 2.82 in 2023. This indicates that the company generated $2.82 in revenue for every $1 invested in fixed assets in 2023. The decreasing trend suggests that Amazon.com Inc. may be becoming less efficient in utilizing its fixed assets to generate sales. This could be due to various factors such as increased investment in fixed assets without a proportional increase in revenue generation or inefficiencies in the utilization of existing fixed assets. It is important for the company to closely monitor and address this trend to ensure optimal utilization of its fixed assets and improve overall operational efficiency.


Peer comparison

Dec 31, 2023

Company name
Symbol
Fixed asset turnover
Amazon.com Inc
AMZN
2.80
CDW Corp
CDW
108.18
Insight Enterprises Inc
NSIT
43.49
PC Connection Inc
CNXN
50.30

See also:

Amazon.com Inc Net Fixed Asset Turnover