PC Connection Inc (CNXN)
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 | 2,850,161 | 2,886,154 | 2,968,760 | 3,063,722 | 3,124,985 | 3,192,747 | 3,168,423 | 3,044,075 | 2,892,633 | 2,768,107 | 2,669,491 | 2,515,332 | 2,590,290 | 2,631,231 | 2,707,889 | 2,898,963 | 2,820,232 | 2,813,125 | 2,742,333 | 2,707,827 |
| Property, plant and equipment | US$ in thousands | 56,658 | 57,638 | 58,012 | 58,372 | 59,171 | 59,913 | 60,248 | 60,835 | 61,011 | 60,623 | 61,002 | 61,592 | 61,537 | 63,189 | 65,387 | 65,754 | 64,226 | 62,336 | 59,468 | 55,438 |
| Fixed asset turnover | 50.30 | 50.07 | 51.17 | 52.49 | 52.81 | 53.29 | 52.59 | 50.04 | 47.41 | 45.66 | 43.76 | 40.84 | 42.09 | 41.64 | 41.41 | 44.09 | 43.91 | 45.13 | 46.11 | 48.84 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,850,161K ÷ $56,658K
= 50.30
PC Connection, Inc.'s fixed asset turnover ratio has been relatively stable over the past eight quarters, ranging from 50.04 to 52.81. This indicates that the company is generating $X of net sales for every $1 of fixed assets it holds. A higher fixed asset turnover ratio implies that the company is using its fixed assets efficiently to generate sales revenue. The consistent high values suggest that PC Connection, Inc. is effectively managing its fixed assets to drive revenue. However, it is important to note that fixed asset turnover ratios can vary by industry, so it is essential to compare them with industry benchmarks for a more accurate assessment.
Peer comparison
Dec 31, 2023