Dolby Laboratories (DLB)
Fixed asset turnover
| Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,273,721 | 1,259,477 | 1,269,029 | 1,280,397 | 1,299,744 | 1,287,386 | 1,278,601 | 1,237,081 | 1,253,793 | 1,260,614 | 1,257,828 | 1,243,015 | 1,281,256 | 1,267,422 | 1,227,532 | 1,259,789 | 1,161,792 | 1,189,428 | 1,244,678 | 1,231,121 |
| Property, plant and equipment | US$ in thousands | 479,109 | 477,686 | 481,492 | 479,321 | 481,581 | 501,666 | 508,021 | 512,168 | 513,481 | 517,870 | 527,623 | 533,706 | 534,381 | 538,421 | 542,702 | 543,550 | 541,963 | 546,650 | 551,027 | 549,495 |
| Fixed asset turnover | 2.66 | 2.64 | 2.64 | 2.67 | 2.70 | 2.57 | 2.52 | 2.42 | 2.44 | 2.43 | 2.38 | 2.33 | 2.40 | 2.35 | 2.26 | 2.32 | 2.14 | 2.18 | 2.26 | 2.24 |
September 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,273,721K ÷ $479,109K
= 2.66
The fixed asset turnover ratio for Dolby Laboratories has exhibited fluctuations over the period from December 2019 to September 2024. The ratio indicates the efficiency with which the company is utilizing its fixed assets to generate revenue. A higher ratio suggests that the company is generating more revenue per dollar of investment in fixed assets.
The trend of Dolby's fixed asset turnover ratio shows some variability, with the ratio fluctuating between 2.14 to 2.70 during the period. The ratio began at 2.24 in December 2019 and reached its peak at 2.70 in September 2023 before slightly declining to 2.66 in September 2024.
Overall, Dolby Laboratories has demonstrated relatively efficient utilization of its fixed assets to generate revenue over the analyzed period. However, the fluctuations in the ratio indicate potential changes in the company's asset utilization efficiency, which could be further examined to understand the factors driving these variations.
Peer comparison
Sep 30, 2024