BWX Technologies Inc (BWXT)
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 | 2,461,109 | 2,359,771 | 2,296,043 | 2,241,705 | 2,207,851 | 2,175,649 | 2,148,807 | 2,097,802 | 2,095,349 | 2,060,284 | 2,085,217 | 2,086,976 | 2,099,983 | 2,044,308 | 2,029,279 | 1,994,162 | 2,284,126 | 2,260,889 | 2,189,248 | 2,166,631 |
| Property, plant and equipment | US$ in thousands | 1,228,520 | 1,186,060 | 1,183,400 | 1,152,090 | 1,134,900 | 1,083,440 | 1,088,850 | 1,071,360 | 1,045,640 | 983,974 | 942,128 | 884,000 | 816,471 | 715,098 | 656,205 | 594,157 | 580,241 | 514,000 | 473,814 | 454,015 |
| Fixed asset turnover | 2.00 | 1.99 | 1.94 | 1.95 | 1.95 | 2.01 | 1.97 | 1.96 | 2.00 | 2.09 | 2.21 | 2.36 | 2.57 | 2.86 | 3.09 | 3.36 | 3.94 | 4.40 | 4.62 | 4.77 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,461,109K ÷ $1,228,520K
= 2.00
The fixed asset turnover ratio for BWX Technologies Inc has been relatively consistent over the past eight quarters, ranging between 1.97 and 2.03. This ratio indicates how efficiently the company is generating revenue from its investment in fixed assets. A higher ratio typically suggests that the company is utilizing its fixed assets efficiently to generate sales.
In the case of BWX Technologies Inc, the ratios around 2.00 signify that the company is generally able to generate around $2 in revenue for every dollar invested in fixed assets. This suggests that the company has been effectively utilizing its fixed assets to drive sales. However, it is important to consider other factors such as industry benchmarks and trends over time to better assess the company's performance in this area.
Peer comparison
Dec 31, 2023