Belden Inc (BDC)
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 | 2,512,084 | 2,619,913 | 2,663,597 | 2,637,903 | 2,606,485 | 2,559,372 | 2,493,642 | 2,402,948 | 2,301,260 | 2,077,317 | 1,948,395 | 1,797,349 | 1,752,192 | 1,913,864 | 1,971,123 | 2,094,664 | 2,131,278 | 2,133,642 | 2,154,581 | 2,167,127 |
| Property, plant and equipment | US$ in thousands | 451,069 | 404,950 | 392,593 | 381,901 | 381,864 | 332,458 | 340,610 | 340,081 | 343,564 | 334,407 | 360,338 | 356,780 | 368,620 | 347,668 | 340,000 | 336,441 | 345,918 | 384,183 | 383,067 | 371,881 |
| Fixed asset turnover | 5.57 | 6.47 | 6.78 | 6.91 | 6.83 | 7.70 | 7.32 | 7.07 | 6.70 | 6.21 | 5.41 | 5.04 | 4.75 | 5.50 | 5.80 | 6.23 | 6.16 | 5.55 | 5.62 | 5.83 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,512,084K ÷ $451,069K
= 5.57
Fixed asset turnover is a financial ratio that measures a company's ability to generate revenue from its fixed assets. A higher fixed asset turnover ratio indicates that the company is utilizing its fixed assets efficiently to generate sales.
The trend analysis of Belden Inc's fixed asset turnover shows a relatively stable and strong performance over the past eight quarters. From Q1 2022 to Q4 2023, the fixed asset turnover ratio has ranged from 5.57 to 7.30, with the highest value recorded in Q1 2023 at 6.91.
The consistent trend of fixed asset turnover ratios above 5 signifies that Belden Inc is effectively using its fixed assets to generate revenue. A ratio above 5 indicates that each dollar of fixed assets is generating more than $5 in sales, reflecting efficient asset utilization.
Overall, Belden Inc's fixed asset turnover ratio demonstrates the company's ability to efficiently convert its fixed assets into sales revenue, indicating sound operational management and resource allocation.
Peer comparison
Dec 31, 2023