Air Products and Chemicals Inc (APD)

Fixed asset turnover

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Revenue	US$ in thousands	12,100,600	12,600,000	12,698,600	10,323,000	8,856,300
Property, plant and equipment	US$ in thousands	23,370,900	17,472,100	14,160,500	13,254,600	11,964,700
Fixed asset turnover		0.52	0.72	0.90	0.78	0.74

September 30, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $12,100,600K ÷ $23,370,900K
= 0.52

Air Products and Chemicals Inc's fixed asset turnover has been fluctuating over the past five years. The ratio measures the company's ability to generate revenue from its investment in fixed assets. A higher fixed asset turnover ratio indicates better utilization of fixed assets to generate sales.

In 2022, the fixed asset turnover was the highest at 0.90, signaling that the company efficiently generated revenue from its fixed assets. However, in 2024, the ratio decreased to 0.52, indicating a decline in the efficiency of utilizing fixed assets to generate sales.

Overall, the trend in fixed asset turnover for Air Products and Chemicals Inc shows some variability, with fluctuations observed in different years. It is important for the company to closely monitor and manage its fixed asset utilization to ensure optimal efficiency and profitability.