CH Robinson Worldwide Inc (CHRW)

Fixed asset turnover

		Dec 31, 2024	Sep 30, 2024	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
Revenue (ttm)	US$ in thousands	17,724,960	17,762,190	17,458,580	17,397,090	17,596,450	18,441,380	20,115,730	22,492,350	24,696,630	26,131,660	26,379,980	25,114,230	23,102,150	21,149,750	19,110,850	17,205,970	16,207,110	15,450,990	15,082,320	15,363,310
Property, plant and equipment	US$ in thousands	—	—	—	—	—	501,754	159,222	160,864	159,432	158,706	494,052	139,926	432,390	474,667	473,507	174,119	178,949	183,244	188,252	211,799
Fixed asset turnover		—	—	—	—	—	36.75	126.34	139.82	154.90	164.65	53.40	179.48	53.43	44.56	40.36	98.82	90.57	84.32	80.12	72.54

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $17,724,960K ÷ $—K
= —

Fixed asset turnover is a financial ratio that measures a company's ability to generate revenue from its fixed assets. The ratio is calculated by dividing net sales by average fixed assets. For CH Robinson Worldwide Inc, the fixed asset turnover has shown significant fluctuations over the reported quarters.

From March 31, 2020, to March 31, 2022, the fixed asset turnover ratio saw a consistent increase, indicating that the company was generating more revenue relative to its investment in fixed assets during this period. The peak value was reached on March 31, 2022, at 179.48, which suggests that CH Robinson was effectively utilizing its fixed assets to generate sales at that time.

However, starting from June 30, 2022, the fixed asset turnover ratio began to decline, and this trend continued through September 30, 2023. The ratio dropped significantly during this period, indicating a potential decrease in efficiency in utilizing fixed assets to generate revenue. The ratio hit a low point on September 30, 2023, at 36.75.

As of the latest reported date, December 31, 2023, there was no available data for the fixed asset turnover ratio. The absence of data for the last four quarters raises concerns about the company's transparency or potential operational issues that may have affected financial reporting.

Overall, the fluctuations in CH Robinson's fixed asset turnover ratio reflect varying levels of efficiency in utilizing fixed assets to generate revenue. Investors and analysts may want to further investigate the reasons behind these fluctuations to assess the company's operational performance and financial health.