Charter Communications Inc (CHTR)

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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	54,607,000	54,570,000	54,536,000	54,475,000	54,022,000	53,560,000	53,156,000	52,360,000	51,682,000	51,094,000	49,987,000	48,881,000	48,097,000	47,234,000	46,645,000	46,296,000	45,764,000	45,234,000	44,676,000	44,183,000
Property, plant and equipment	US$ in thousands	39,520,000	38,617,000	37,546,000	36,602,000	36,039,000	35,005,000	34,472,000	34,173,000	34,310,000	34,179,000	34,206,000	34,184,000	34,357,000	34,196,000	34,074,000	34,096,000	34,591,000	34,218,000	34,475,000	34,859,000
Fixed asset turnover		1.38	1.41	1.45	1.49	1.50	1.53	1.54	1.53	1.51	1.49	1.46	1.43	1.40	1.38	1.37	1.36	1.32	1.32	1.30	1.27

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $54,607,000K ÷ $39,520,000K
= 1.38

Charter Communications Inc.'s fixed asset turnover has shown a slight declining trend over the past eight quarters, starting at 1.54 in Q1 2022 and decreasing to 1.38 in Q4 2023. This ratio indicates that the company generated $1.38 in revenue for every dollar invested in fixed assets in Q4 2023.

A high fixed asset turnover ratio typically suggests that the company is efficiently utilizing its fixed assets to generate sales. Even though there has been a slight decline in this ratio over the quarters, Charter Communications Inc. has maintained a relatively healthy turnover ratio, implying effective management of its fixed assets in generating revenue.

However, it is essential to consider other factors and ratios alongside fixed asset turnover to get a comprehensive view of Charter Communications Inc.'s financial performance and asset management efficiency.