Comcast Corp (CMCSA)

Fixed asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	121,572,000	121,427,000	116,385,000	103,564,000	108,942,000
Property, plant and equipment	US$ in thousands	59,686,000	55,485,000	54,000,000	51,995,000	48,322,000
Fixed asset turnover		2.04	2.19	2.16	1.99	2.25

December 31, 2023 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $121,572,000K ÷ $59,686,000K
= 2.04

Based on the provided data, Comcast Corp's fixed asset turnover has shown some fluctuation over the past five years. The fixed asset turnover ratio measures the efficiency of the company in generating revenue from its investment in fixed assets.

The trend in fixed asset turnover for Comcast Corp indicates a moderate decline from 2.25 in 2019 to 2.04 in 2023, with some fluctuations in between. A generally declining fixed asset turnover ratio may suggest that the company's fixed assets are less efficient in generating sales over time.

It is important to note that a higher fixed asset turnover ratio indicates that the company is using its fixed assets more efficiently to generate revenue. Conversely, a lower ratio may suggest inefficiency in utilizing fixed assets to generate sales.

Further analysis including industry benchmarks and qualitative factors is important to understand the reasons behind the fluctuations in the fixed asset turnover ratio and to assess the overall efficiency of Comcast Corp's fixed asset utilization.