Brinks Company (BCO)
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 | 4,604,600 | 4,575,500 | 4,503,900 | 4,440,300 | 4,354,500 | 4,294,000 | 4,239,900 | 4,159,000 | 4,065,300 | 4,037,600 | 3,933,100 | 3,715,300 | 3,623,700 | 3,537,900 | 3,500,000 | 3,588,500 | 3,610,700 | 3,582,600 | 3,512,500 | 4,304,800 |
| Property, plant and equipment | US$ in thousands | 1,013,300 | 965,500 | 990,200 | 953,500 | 935,300 | 844,800 | 850,000 | 870,100 | 865,600 | 844,900 | 865,100 | 813,600 | 838,200 | 812,100 | 813,600 | 704,100 | 763,300 | 718,100 | 712,700 | 698,100 |
| Fixed asset turnover | 4.54 | 4.74 | 4.55 | 4.66 | 4.66 | 5.08 | 4.99 | 4.78 | 4.70 | 4.78 | 4.55 | 4.57 | 4.32 | 4.36 | 4.30 | 5.10 | 4.73 | 4.99 | 4.93 | 6.17 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,604,600K ÷ $1,013,300K
= 4.54
Based on the fixed asset turnover ratios of Brink`s Co. over the past eight quarters, we can observe fluctuations in the company's efficiency in generating revenue from its investment in fixed assets. The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate sales revenue.
In Q4 2023, the fixed asset turnover ratio was 4.81, showing a slight decrease from the previous quarter but still indicating that Brink`s Co. generated $4.81 in sales for every $1 invested in fixed assets. This suggests that the company is effectively utilizing its fixed assets to generate revenue.
Looking at the trend over the past eight quarters, we see some variation in the fixed asset turnover ratio, with values ranging from 4.78 to 5.26. The highest ratio was observed in Q3 2022, indicating that Brink`s Co. was highly efficient in generating sales revenue from its fixed assets during that period.
Overall, the fluctuation in the fixed asset turnover ratio suggests that Brink`s Co. has been able to effectively manage its fixed assets to generate sales revenue, with some quarters showing higher efficiency than others. Further analysis of the company's operations and investments in fixed assets may provide insights into the factors driving these fluctuations and help assess the sustainability of its revenue generation capabilities.
Peer comparison
Dec 31, 2023