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.
Peer comparison
Dec 31, 2023