CACI International Inc (CACI)

Fixed asset turnover

		Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	7,660,210	7,220,080	7,030,990	6,854,040	6,619,030	6,571,140	6,425,340	6,270,640	6,161,570	6,094,170	6,062,320	6,047,260	6,016,410	5,947,990	5,856,550	5,778,030	5,675,420	5,553,720	5,353,600	5,144,630
Property, plant and equipment	US$ in thousands	195,443	188,226	190,199	196,579	199,519	197,549	195,567	199,817	205,622	187,363	190,214	183,864	190,444	184,375	180,258	169,115	170,521	169,378	168,786	156,750
Fixed asset turnover		39.19	38.36	36.97	34.87	33.17	33.26	32.85	31.38	29.97	32.53	31.87	32.89	31.59	32.26	32.49	34.17	33.28	32.79	31.72	32.82

June 30, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $7,660,210K ÷ $195,443K
= 39.19

CACI International Inc's fixed asset turnover ratio has been consistently high over the past few quarters, indicating that the company is efficiently utilizing its fixed assets to generate revenue. The upward trend in the ratio from 31.72 in September 2019 to 39.19 in June 2024 indicates an improvement in the company's ability to generate sales from its fixed assets.

A fixed asset turnover ratio of 39.19 means that for every dollar invested in fixed assets, the company is generating $39.19 in sales. This high ratio suggests that CACI International Inc is effectively managing its fixed assets to drive revenue growth.

Overall, the trend of increasing fixed asset turnover ratio demonstrates CACI International Inc's strong operational efficiency and ability to generate sales from its fixed asset base. Investors and stakeholders may view this positively as it indicates effective asset management within the company.