Dana Inc (DAN)

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	10,387,000	10,468,000	10,344,000	10,194,000	10,032,000	9,746,000	9,417,000	9,009,000	8,787,000	8,656,000	8,436,000	7,337,000	7,009,000	6,882,000	7,060,000	8,285,000	8,508,000	8,503,000	8,322,000	8,081,000
Property, plant and equipment	US$ in thousands	2,311,000	2,250,000	2,269,000	2,233,000	2,193,000	2,078,000	2,136,000	2,205,000	2,199,000	2,171,000	2,197,000	2,184,000	2,251,000	2,154,000	2,149,000	2,172,000	2,265,000	2,199,000	2,232,000	2,242,000
Fixed asset turnover		4.49	4.65	4.56	4.57	4.57	4.69	4.41	4.09	4.00	3.99	3.84	3.36	3.11	3.19	3.29	3.81	3.76	3.87	3.73	3.60

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $10,387,000K ÷ $2,311,000K
= 4.49

The fixed asset turnover ratio for Dana Inc has been relatively stable over the past eight quarters, ranging from 4.16 to 4.75. This ratio measures how efficiently the company is utilizing its fixed assets to generate sales revenue. A higher fixed asset turnover ratio indicates that the company is generating more revenue per dollar of fixed assets, which is generally seen as positive.

From the data provided, Dana Inc's fixed asset turnover ratio peaked at 4.75 in Q3 2022 before decreasing slightly in subsequent quarters. The fluctuations in the ratio suggest some variability in the company's ability to efficiently use its fixed assets to generate sales.

Overall, Dana Inc has maintained a healthy fixed asset turnover ratio above 4, indicating efficient utilization of its fixed assets to drive sales. Further analysis and comparison with industry benchmarks would provide a more insightful perspective on the company's operational efficiency and asset management.