Charter Communications Inc (CHTR)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 54,607,000 | 54,022,000 | 51,682,000 | 48,097,000 | 45,764,000 |
| Property, plant and equipment | US$ in thousands | 39,520,000 | 36,039,000 | 34,310,000 | 34,357,000 | 34,591,000 |
| Fixed asset turnover | 1.38 | 1.50 | 1.51 | 1.40 | 1.32 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $54,607,000K ÷ $39,520,000K
= 1.38
The fixed asset turnover ratio of Charter Communications Inc. has shown fluctuations over the past five years, ranging from 1.32 in 2019 to 1.51 in 2021. This ratio indicates the efficiency with which the company generates revenue from its investment in fixed assets.
A high fixed asset turnover ratio suggests that Charter Communications is effectively utilizing its fixed assets to generate sales. However, the decreasing trend from 2021 to 2023 may indicate a decline in the company's ability to generate revenue from its fixed assets efficiently.
It is important for Charter Communications to closely monitor and manage its fixed asset turnover ratio to ensure optimal utilization of its assets in generating revenue. Further analysis of the underlying factors contributing to the fluctuations in this ratio would help the company in identifying areas for improvement and enhancing its operational efficiency.
Peer comparison
Dec 31, 2023