Air Products and Chemicals Inc (APD)
Fixed asset turnover
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 12,100,600 | 12,104,400 | 12,152,800 | 12,422,700 | 12,600,000 | 12,978,700 | 13,134,100 | 12,879,100 | 12,698,600 | 11,969,700 | 11,385,100 | 10,942,000 | 10,323,000 | 9,802,000 | 9,262,500 | 8,976,800 | 8,856,300 | 8,819,400 | 8,978,200 | 8,949,600 |
| Property, plant and equipment | US$ in thousands | 23,370,900 | 21,482,100 | 20,000,500 | 18,935,500 | 17,472,100 | 16,512,800 | 15,698,400 | 15,039,200 | 14,160,500 | 14,131,700 | 14,095,200 | 13,624,700 | 13,254,600 | 13,035,600 | 12,628,300 | 12,517,100 | 11,964,700 | 11,468,900 | 10,623,700 | 10,692,200 |
| Fixed asset turnover | 0.52 | 0.56 | 0.61 | 0.66 | 0.72 | 0.79 | 0.84 | 0.86 | 0.90 | 0.85 | 0.81 | 0.80 | 0.78 | 0.75 | 0.73 | 0.72 | 0.74 | 0.77 | 0.85 | 0.84 |
September 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $12,100,600K ÷ $23,370,900K
= 0.52
Fixed asset turnover is a ratio that indicates how efficiently a company is generating revenue from its investment in fixed assets. A higher fixed asset turnover ratio implies that the company is utilizing its fixed assets effectively to generate sales.
In the case of Air Products and Chemicals Inc, the fixed asset turnover has fluctuated over the past several quarters. The ratio has shown a general declining trend from 0.85 in September 2022 to 0.52 in September 2024. This suggests a potential decrease in the company's ability to generate sales from its fixed asset base.
However, it is important to note that fixed asset turnover can vary across different industries and company strategies. A lower fixed asset turnover ratio may not always indicate poor performance as it could be influenced by factors such as industry norms, capital-intensive operations, or strategic investments in fixed assets.
Therefore, further analysis and comparison with industry peers or historical data are recommended to gain a deeper understanding of Air Products and Chemicals Inc's efficiency in utilizing its fixed assets to drive revenue growth.
Peer comparison
Sep 30, 2024
See also:
Air Products and Chemicals Inc Net Fixed Asset Turnover (Quarterly Data)