Amazon.com Inc (AMZN)

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	571,668,000	550,716,000	534,914,000	521,895,000	511,276,000	499,803,000	483,634,000	475,856,000	467,958,000	456,610,000	442,115,000	417,869,000	384,831,000	346,713,000	320,581,000	295,093,000	279,382,000	264,328,000	250,961,000	240,483,000
Property, plant and equipment	US$ in thousands	204,177,000	196,468,000	193,784,000	190,754,000	186,715,000	177,195,000	173,706,000	168,468,000	160,281,000	147,152,000	133,502,000	52,161,000	45,014,000	99,981,000	86,517,000	77,779,000	72,705,000	67,662,000	64,723,000	61,048,000
Fixed asset turnover		2.80	2.80	2.76	2.74	2.74	2.82	2.78	2.82	2.92	3.10	3.31	8.01	8.55	3.47	3.71	3.79	3.84	3.91	3.88	3.94

December 31, 2023 calculation

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

Amazon.com Inc.'s fixed asset turnover has been relatively stable over the past eight quarters, ranging from 2.75 to 2.84. This indicates that, on average, the company generates between $2.75 to $2.84 in revenue for each dollar invested in fixed assets. A higher fixed asset turnover ratio is generally preferable as it suggests more efficient utilization of fixed assets to generate sales. Despite minor fluctuations, Amazon's fixed asset turnover remains strong and consistent, reflecting the company's effective management of its fixed asset base to drive revenue generation. Additionally, the consistent performance of the fixed asset turnover ratio demonstrates Amazon's ability to maximize returns on its investment in fixed assets over the specified period.