Aptiv PLC (APTV)
Fixed asset turnover
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 19,713,000 | 19,725,000 | 19,985,000 | 20,134,000 | 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 |
| Property, plant and equipment | US$ in thousands | 3,698,000 | 3,797,000 | 3,731,000 | 3,764,000 | 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 |
| Fixed asset turnover | 5.33 | 5.19 | 5.36 | 5.35 | 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 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $19,713,000K ÷ $3,698,000K
= 5.33
Aptiv PLC's fixed asset turnover has shown a generally positive trend over the periods analyzed. The fixed asset turnover ratio reflects the efficiency with which the company utilizes its fixed assets to generate sales revenue.
From March 31, 2020, to December 31, 2024, the fixed asset turnover ratio has steadily increased from 4.31 to 5.33. This indicates that the company has been able to generate more revenue for each dollar invested in fixed assets over this period.
Notable fluctuations in the ratio were observed in some quarters, with peaks at 5.52 on September 30, 2023, and a low of 3.86 during June 30, 2020, and September 30, 2020. However, the overall trend suggests that Aptiv PLC has improved its efficiency in utilizing its fixed assets to drive sales.
The company's ability to consistently improve its fixed asset turnover ratio may indicate effective management of its fixed assets or improved operational efficiency. This trend is generally seen as positive by investors, as it signifies that the company is utilizing its assets effectively to generate sales.
Peer comparison
Dec 31, 2024