Aptiv PLC (APTV)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 19,713,000 | 20,051,000 | 17,489,000 | 15,618,000 | 13,066,000 |
| Property, plant and equipment | US$ in thousands | 3,698,000 | 3,785,000 | 3,495,000 | 3,294,000 | 3,301,000 |
| Fixed asset turnover | 5.33 | 5.30 | 5.00 | 4.74 | 3.96 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $19,713,000K ÷ $3,698,000K
= 5.33
The fixed asset turnover ratio for Aptiv PLC has exhibited a positive trend over the past five years, starting at 3.96 in December 31, 2020, and steadily increasing to 5.33 by December 31, 2024. This indicates that the company has been able to generate more revenue relative to its investment in fixed assets over the period. A higher fixed asset turnover ratio suggests that the company is utilizing its fixed assets more efficiently to generate sales. Aptiv PLC's improving fixed asset turnover ratio reflects its ability to effectively manage and deploy its fixed assets to drive revenue growth, which could potentially lead to higher profitability and shareholder value in the long run.
Peer comparison
Dec 31, 2024