Broadcom Inc (AVGO)
Fixed asset turnover
| Oct 29, 2023 | Oct 30, 2022 | Oct 31, 2021 | Nov 1, 2020 | Nov 3, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 35,819,000 | 33,203,000 | 27,450,000 | 23,888,000 | 22,597,000 |
| Property, plant and equipment | US$ in thousands | 2,154,000 | 2,223,000 | 2,348,000 | 2,509,000 | 2,565,000 |
| Fixed asset turnover | 16.63 | 14.94 | 11.69 | 9.52 | 8.81 |
October 29, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $35,819,000K ÷ $2,154,000K
= 16.63
The fixed asset turnover ratio for Broadcom Inc has steadily increased over the past five years, reflecting the company's ability to generate higher sales revenue from its investment in fixed assets. This indicates efficient utilization of its fixed assets to generate sales. The ratio has seen significant growth, reaching 16.63 in Oct 29, 2023, compared to 8.81 in Nov 3, 2019, indicating a substantial improvement in the company's efficiency in generating sales from its fixed assets. This suggests that Broadcom Inc has been effectively managing and utilizing its fixed assets to drive revenue growth.
Peer comparison
Oct 29, 2023