Ciena Corp (CIEN)
Fixed asset turnover
| Oct 28, 2023 | Oct 29, 2022 | Oct 30, 2021 | Oct 31, 2020 | Oct 31, 2017 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,386,550 | 3,632,660 | 3,620,680 | 3,532,160 | 2,801,690 |
| Property, plant and equipment | US$ in thousands | 242,322 | 224,798 | 232,872 | 219,423 | 308,465 |
| Fixed asset turnover | 18.10 | 16.16 | 15.55 | 16.10 | 9.08 |
October 28, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $4,386,550K ÷ $242,322K
= 18.10
The fixed asset turnover ratio for CIENA Corp. has shown a positive trend over the past five years, indicating an increasing efficiency in the utilization of its fixed assets to generate sales. The ratio has steadily climbed from 12.45 in October 2019 to 15.66 in October 2023. This signifies that for every dollar invested in fixed assets, the company generated $15.66 in sales in the most recent period, reflecting improved efficiency in asset utilization. The upward trend in fixed asset turnover suggests that CIENA Corp. has been effectively managing and deploying its fixed assets to drive revenue growth and enhance operational productivity.
Peer comparison
Oct 28, 2023