Amphenol Corporation (APH)
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 | 12,554,600 | 12,466,300 | 12,562,300 | 12,645,200 | 12,623,100 | 12,410,700 | 11,934,000 | 11,451,100 | 10,876,300 | 10,275,500 | 9,780,400 | 9,114,000 | 8,598,900 | 8,323,900 | 8,101,100 | 8,128,900 | 8,225,400 | 8,299,100 | 8,327,500 | 8,293,600 |
| Property, plant and equipment | US$ in thousands | 1,314,700 | 1,246,600 | 1,258,900 | 1,243,500 | 1,204,300 | 1,166,900 | 1,155,100 | 1,175,000 | 1,175,300 | 1,175,400 | 1,169,300 | 1,076,200 | 1,054,600 | 1,036,900 | 1,001,700 | 982,400 | 999,000 | 965,200 | 970,000 | 932,000 |
| Fixed asset turnover | 9.55 | 10.00 | 9.98 | 10.17 | 10.48 | 10.64 | 10.33 | 9.75 | 9.25 | 8.74 | 8.36 | 8.47 | 8.15 | 8.03 | 8.09 | 8.27 | 8.23 | 8.60 | 8.59 | 8.90 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $12,554,600K ÷ $1,314,700K
= 9.55
The fixed asset turnover ratio analyzes how efficiently a company utilizes its fixed assets to generate sales. A higher ratio indicates better utilization of fixed assets.
Looking at the trend over the past eight quarters for Amphenol Corp., we observe that the fixed asset turnover ratios have been consistently high, ranging from 9.55 to 10.64. This suggests that Amphenol Corp. has been effectively utilizing its fixed assets to generate sales revenue.
Although there were slight fluctuations in the ratio from quarter to quarter, the overall trend indicates a stable and efficient use of fixed assets. It is important to note that a consistently high fixed asset turnover ratio could also indicate that the company is effectively managing its asset base and possibly operating with optimal asset levels.
Amphenol Corp.'s strong fixed asset turnover ratios over the past quarters reflect positively on the company's operational efficiency and management of its fixed assets to drive revenue generation.
See also:
Amphenol Corporation Net Fixed Asset Turnover (Quarterly Data)