Amphenol Corporation (APH)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 15,222,700 | 12,554,700 | 12,623,000 | 10,876,300 | 8,598,900 |
| Property, plant and equipment | US$ in thousands | 1,711,800 | 1,314,700 | 1,204,300 | 1,175,300 | 1,054,600 |
| Fixed asset turnover | 8.89 | 9.55 | 10.48 | 9.25 | 8.15 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $15,222,700K ÷ $1,711,800K
= 8.89
The fixed asset turnover ratio of Amphenol Corporation has shown an increasing trend over the past five years, from 8.15 in 2020 to 8.89 in 2024. This indicates that the company has been more efficient in generating sales revenue from its fixed assets during this period.
Specifically, in 2022, the fixed asset turnover ratio peaked at 10.48, suggesting that the company was exceptionally effective in utilizing its fixed assets to drive sales. Although there was a slight decrease in 2023 to 9.55, the ratio remained relatively high compared to the earlier years.
Overall, the increasing trend in the fixed asset turnover ratio reflects positively on Amphenol Corporation's operational efficiency and ability to maximize the utilization of its fixed assets to generate revenue.