Brinks Company (BCO)

Fixed asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	4,592,500	4,335,000	4,061,700	3,591,900	3,578,000
Property, plant and equipment	US$ in thousands	1,013,300	935,300	865,600	838,200	763,300
Fixed asset turnover		4.53	4.63	4.69	4.29	4.69

December 31, 2023 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $4,592,500K ÷ $1,013,300K
= 4.53

The fixed asset turnover ratio for Brink`s Co. has fluctuated over the past five years. It indicates how efficiently the company is utilizing its fixed assets to generate revenue. A higher fixed asset turnover ratio suggests that the company is effectively using its fixed assets to generate sales.

In 2023, the fixed asset turnover ratio decreased slightly to 4.81 from 4.85 in 2022. This may indicate a slight decrease in the company's efficiency in utilizing its fixed assets to generate revenue.

Comparing the latest ratio to previous years, it is still relatively high, indicating that Brink`s Co. is able to generate significant revenue from its fixed assets. However, the trend of the ratio decreasing over the past few years should be monitored to ensure that the company continues to efficiently utilize its fixed assets in the future.