Broadcom Inc (AVGO)
Fixed asset turnover
| Nov 3, 2024 | Aug 4, 2024 | May 5, 2024 | Feb 4, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 51,574,000 | 46,815,000 | 42,619,000 | 38,865,000 | 35,819,000 | 35,454,000 | 35,042,000 | 34,412,000 | 33,203,000 | 31,680,000 | 29,994,000 | 28,501,000 | 27,450,000 | 26,510,000 | 25,553,000 | 24,685,000 | 23,888,000 | 23,197,000 | 22,891,000 | 22,666,000 |
| Property, plant and equipment | US$ in thousands | 2,521,000 | 2,602,000 | 2,668,000 | 2,662,000 | 2,154,000 | 2,180,000 | 2,209,000 | 2,201,000 | 2,223,000 | 2,250,000 | 2,262,000 | 2,303,000 | 2,348,000 | 2,370,000 | 2,416,000 | 2,496,000 | 2,509,000 | 2,567,000 | 2,618,000 | 2,616,000 |
| Fixed asset turnover | 20.46 | 17.99 | 15.97 | 14.60 | 16.63 | 16.26 | 15.86 | 15.63 | 14.94 | 14.08 | 13.26 | 12.38 | 11.69 | 11.19 | 10.58 | 9.89 | 9.52 | 9.04 | 8.74 | 8.66 |
November 3, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $51,574,000K ÷ $2,521,000K
= 20.46
The fixed asset turnover ratio for Broadcom Inc has shown a fluctuating trend over the past two years. The ratio measures how efficiently the company is utilizing its fixed assets to generate revenue. Higher turnover ratios indicate better asset utilization.
From February 2020 to November 2020, the fixed asset turnover ratio saw a steady increase from 8.66 to 16.63, reflecting an improvement in the company's efficiency in generating revenue from its fixed assets. However, from November 2020 to November 2024, the ratio fluctuated within a range of 9.04 to 20.46, suggesting some variability in the company's asset utilization efficiency.
Overall, Broadcom Inc has maintained a generally high fixed asset turnover ratio, indicating effective management of its fixed assets to generate revenue. Further analysis of the company's operational and financial strategies may provide insights into the factors affecting these fluctuations in the ratio over the given period.
Peer comparison
Nov 3, 2024