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.