Aptiv PLC (APTV)
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 | 20,051,000 | 19,772,000 | 19,272,000 | 18,129,000 | 17,489,000 | 16,983,000 | 16,023,000 | 15,773,000 | 15,618,000 | 15,696,000 | 15,710,000 | 13,863,000 | 13,066,000 | 12,450,000 | 12,341,000 | 14,008,000 | 14,357,000 | 14,397,000 | 14,323,000 | 14,380,000 |
| Property, plant and equipment | US$ in thousands | 3,785,000 | 3,579,000 | 3,592,000 | 3,545,000 | 3,495,000 | 3,157,000 | 3,211,000 | 3,288,000 | 3,294,000 | 3,193,000 | 3,193,000 | 3,164,000 | 3,301,000 | 3,223,000 | 3,196,000 | 3,249,000 | 3,309,000 | 3,145,000 | 3,248,000 | 3,218,000 |
| Fixed asset turnover | 5.30 | 5.52 | 5.37 | 5.11 | 5.00 | 5.38 | 4.99 | 4.80 | 4.74 | 4.92 | 4.92 | 4.38 | 3.96 | 3.86 | 3.86 | 4.31 | 4.34 | 4.58 | 4.41 | 4.47 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $20,051,000K ÷ $3,785,000K
= 5.30
Aptiv PLC's fixed asset turnover has been fluctuating over the last eight quarters, ranging from a low of 4.80 in Q1 2022 to a high of 5.52 in Q3 2023. The fixed asset turnover ratio measures how efficiently the company is generating sales revenue from its investment in fixed assets. Generally, a higher fixed asset turnover ratio indicates that the company is utilizing its fixed assets more efficiently to generate sales.
In the most recent quarter, Q4 2023, the fixed asset turnover ratio was 5.30, which suggests that for every dollar invested in fixed assets, Aptiv PLC generated $5.30 in sales. This indicates that the company has been effectively utilizing its fixed assets to drive revenue. However, it's important to note that the ratio has been somewhat volatile, with fluctuations in efficiency over the quarters.
Overall, Aptiv PLC's fixed asset turnover ratio has been relatively healthy, with most quarters showing a ratio above 5, indicating efficient utilization of fixed assets to generate revenue. This consistency in maintaining a high fixed asset turnover ratio suggests that Aptiv PLC has been effectively managing and utilizing its fixed assets to drive sales revenue.
Peer comparison
Dec 31, 2023