CACI International Inc (CACI)

Fixed asset turnover

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Revenue	US$ in thousands	7,660,200	6,619,030	6,160,670	6,004,680	5,665,180
Property, plant and equipment	US$ in thousands	195,443	199,519	205,622	190,444	170,521
Fixed asset turnover		39.19	33.17	29.96	31.53	33.22

June 30, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $7,660,200K ÷ $195,443K
= 39.19

Fixed asset turnover is a financial ratio that measures a company's ability to generate revenue from its investment in fixed assets. A higher fixed asset turnover ratio indicates more efficient utilization of fixed assets to generate sales.

Analyzing the trend of CACI International Inc's fixed asset turnover from 2020 to 2024, we observe a fluctuating pattern. The fixed asset turnover ratio increased from 33.22 in 2020 to 39.19 in 2024, indicating an improvement in the company's ability to generate sales from its fixed assets over this period.

The peak in fixed asset turnover in 2024 suggests that CACI International Inc has become more efficient in utilizing its fixed assets to produce revenue. This may be a result of better asset management or increased sales generated from existing fixed assets.

Overall, the increasing trend in fixed asset turnover reflects positively on CACI International Inc's operational efficiency and effectiveness in generating sales from its fixed asset base. It indicates that the company is leveraging its fixed assets effectively to drive revenue growth and maximize returns on its investments in fixed assets.