Cardinal Health Inc (CAH)
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 | 226,668,000 | 220,413,000 | 216,043,000 | 210,070,000 | 205,023,000 | 198,673,000 | 193,011,000 | 186,999,000 | 181,364,000 | 176,847,000 | 171,286,000 | 167,370,000 | 162,467,000 | 156,570,000 | 156,452,000 | 154,646,000 | 152,922,000 | 153,586,000 | 149,657,000 | 147,662,000 |
| Property, plant and equipment | US$ in thousands | 2,529,000 | 2,470,000 | 2,446,000 | 2,441,000 | 2,461,000 | 2,362,000 | 2,341,000 | 2,339,000 | 2,361,000 | 2,298,000 | 2,321,000 | 2,336,000 | 2,360,000 | 2,315,000 | 2,386,000 | 2,369,000 | 2,366,000 | 2,299,000 | 2,301,000 | 2,324,000 |
| Fixed asset turnover | 89.63 | 89.24 | 88.33 | 86.06 | 83.31 | 84.11 | 82.45 | 79.95 | 76.82 | 76.96 | 73.80 | 71.65 | 68.84 | 67.63 | 65.57 | 65.28 | 64.63 | 66.81 | 65.04 | 63.54 |
June 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $226,668,000K ÷ $2,529,000K
= 89.63
Over the past twenty quarters, Cardinal Health Inc's fixed asset turnover ratio has shown a fluctuating trend. The fixed asset turnover ratio measures how efficiently a company generates revenue from its investments in fixed assets. A higher ratio indicates that the company is utilizing its fixed assets effectively to generate sales.
Cardinal Health Inc's fixed asset turnover ratio has ranged from 63.54 to 89.63, with the highest ratio observed in Jun 30, 2024, and the lowest in Dec 31, 2019. The trend indicates that the company's efficiency in utilizing its fixed assets to generate revenue has generally improved over the quarters, with some fluctuations.
Overall, the increasing trend in the fixed asset turnover ratio suggests that Cardinal Health Inc has been more efficient in generating sales from its fixed assets over the analysed period. However, it is essential to consider other factors such as industry benchmarks and company-specific initiatives to get a holistic view of the company's operational efficiency.
Peer comparison
Jun 30, 2024