Coherent Inc (COHR)
Fixed asset turnover
| Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,423,018 | 4,299,508 | 4,340,458 | 4,597,078 | 4,934,810 | 4,651,274 | 4,272,489 | 3,735,009 | 3,202,059 | 3,158,235 | 3,142,576 | 3,124,028 | 3,042,393 | 2,969,222 | 2,797,167 | 2,663,756 | 2,289,531 | 1,925,884 | 1,664,222 | 1,363,540 |
| Property, plant and equipment | US$ in thousands | 1,817,260 | 1,851,380 | 1,849,120 | 1,775,380 | 1,782,040 | 1,910,560 | 1,875,560 | 1,803,650 | 1,363,200 | 1,320,190 | 1,272,380 | 1,242,090 | 1,242,910 | 1,232,150 | 1,250,480 | 1,218,580 | 1,214,770 | 1,247,170 | 1,347,150 | 1,335,620 |
| Fixed asset turnover | 2.43 | 2.32 | 2.35 | 2.59 | 2.77 | 2.43 | 2.28 | 2.07 | 2.35 | 2.39 | 2.47 | 2.52 | 2.45 | 2.41 | 2.24 | 2.19 | 1.88 | 1.54 | 1.24 | 1.02 |
June 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,423,018K ÷ $1,817,260K
= 2.43
The fixed asset turnover ratio for Coherent Inc has shown some fluctuation over the past several quarters. The ratio indicates how effectively the company is generating sales revenue from its investment in fixed assets such as property, plant, and equipment.
From the data provided, we can observe that the fixed asset turnover ratio has ranged from a low of 1.02 to a high of 2.77 over the past 20 quarters. Generally, a higher fixed asset turnover ratio is desirable as it suggests that the company is efficiently utilizing its fixed assets to generate sales.
The trend of the fixed asset turnover ratio for Coherent Inc shows a generally positive performance, with occasional fluctuations. Despite some variability, the company has managed to maintain a ratio above 2 for most quarters, indicating a consistent level of efficiency in utilizing its fixed assets to drive sales.
It is essential for the company to continue monitoring and managing its fixed asset turnover ratio to ensure optimal utilization of its fixed assets and maximize profitability. Additionally, analyzing the factors contributing to fluctuations in the ratio can provide valuable insights for strategic decision-making and operational improvements.
Peer comparison
Jun 30, 2024