Dell Technologies Inc (DELL)

Fixed asset turnover

		Jan 31, 2025	Oct 31, 2024	Aug 2, 2024	Jul 31, 2024	May 3, 2024	Apr 30, 2024	Feb 2, 2024	Jan 31, 2024	Nov 3, 2023	Oct 31, 2023	Aug 4, 2023	Jul 31, 2023	May 5, 2023	Apr 30, 2023	Feb 3, 2023	Jan 31, 2023	Oct 31, 2022	Oct 28, 2022	Jul 31, 2022	Jul 29, 2022
Revenue (ttm)	US$ in thousands	98,349,000	96,662,000	94,540,000	91,832,000	89,124,000	89,131,000	89,138,000	89,754,000	90,370,000	89,041,000	87,712,000	89,817,000	91,922,000	95,721,000	99,520,000	100,906,000	102,292,000	103,687,000	105,082,000	100,851,000
Property, plant and equipment	US$ in thousands	—	—	6,300,000	—	6,237,000	—	6,432,000	—	6,222,000	6,933,000	6,252,000	6,252,000	6,261,000	6,261,000	6,209,000	6,209,000	5,847,000	5,847,000	5,772,000	5,772,000
Fixed asset turnover		—	—	15.01	—	14.29	—	13.86	—	14.52	12.84	14.03	14.37	14.68	15.29	16.03	16.25	17.49	17.73	18.21	17.47

January 31, 2025 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $98,349,000K ÷ $—K
= —

Dell Technologies Inc's fixed asset turnover ratio has shown a gradual decline over the period from July 29, 2022, to January 31, 2024. The ratio started at a high of 17.47 in July 2022 and peaked at 18.21 in July 31, 2022, before decreasing to 14.37 in July 31, 2023. The ratio further declined to 12.84 in October 31, 2023, and then showed some recovery to 14.52 in November 3, 2023.

However, there were some missing data points in the dataset, with no values reported for January 31, 2024, April 30, 2024, July 31, 2024, and October 31, 2024. The fixed asset turnover ratio seemed to be improving again towards February 2, 2024, with a reported ratio of 13.86, but the trend was not sustained consistently.

The declining trend in the fixed asset turnover ratio from its peak in July 2022 to the latest reported value in February 2024 may indicate a decrease in the company's ability to generate revenues relative to its investment in fixed assets. It is essential for Dell Technologies Inc to monitor and potentially improve this ratio, as a lower fixed asset turnover could suggest inefficiencies or underutilization of fixed assets, impacting the company's overall profitability and operational performance.