Carrier Global Corp (CARR)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 21,752,000 | 21,786,000 | 21,506,000 | 20,725,000 | 21,238,000 | 21,272,000 | 21,162,000 | 21,391,000 | 20,288,000 | 20,074,000 | 19,645,000 | 18,092,000 | 17,250,000 | |||
| Property, plant and equipment | US$ in thousands | 2,293,000 | 2,210,000 | 2,262,000 | 2,277,000 | 2,241,000 | 2,055,000 | 1,805,000 | 1,825,000 | 1,826,000 | 1,764,000 | 1,837,000 | 1,777,000 | 1,810,000 | 1,676,000 | 1,651,000 | 1,638,000 |
| Fixed asset turnover | 9.49 | 9.86 | 9.51 | 9.10 | 9.48 | 10.35 | 11.72 | 11.72 | 11.11 | 11.38 | 10.69 | 10.18 | 9.53 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $21,752,000K ÷ $2,293,000K
= 9.49
Carrier Global Corp's fixed asset turnover ratio has shown some fluctuation over the past eight quarters. The ratio ranged from a low of 9.11 in Q4 2022 to a high of 11.27 in Q2 and Q1 2022. This indicates that the company generated between $9.11 and $11.27 in revenue for every dollar of fixed assets invested during the respective quarters.
Overall, the trend suggests that Carrier Global Corp has been able to efficiently utilize its fixed assets to generate revenue, with higher ratios indicating better asset utilization. However, the slight fluctuations in the ratio over time may warrant further investigation into the company's asset management strategies and operational efficiency.
Peer comparison
Dec 31, 2023
See also:
Carrier Global Corp Net Fixed Asset Turnover (Quarterly Data)