Dolby Laboratories (DLB)
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 | 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 | 1,241,620 | 1,208,118 | 1,120,739 |
| Property, plant and equipment | US$ in thousands | 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 | 537,432 | 524,641 | 537,641 |
| Fixed asset turnover | 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 | 2.31 | 2.30 | 2.08 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,280,397K ÷ $479,321K
= 2.67
The fixed asset turnover ratio for Dolby Laboratories has shown fluctuations over the past few quarters, ranging from a low of 2.08 to a high of 2.70. The ratio measures how efficiently the company generates revenue from its fixed assets, with a higher ratio generally indicating better asset utilization.
The trend in Dolby Laboratories' fixed asset turnover ratio has been somewhat volatile, with fluctuations observed in a relatively narrow range. Despite the variations, the trend seems to show relatively consistent efficiency in generating sales from fixed assets.
An upward trend in the fixed asset turnover ratio would indicate improved efficiency in utilizing fixed assets to generate revenue, while a declining trend may suggest underutilization or inefficiency in managing fixed assets. Dolby Laboratories' ratio has generally remained within a relatively stable range, signaling reasonable efficiency in leveraging its fixed assets.
Analyzing the fixed asset turnover ratio in conjunction with other financial metrics and industry benchmarks would provide a more comprehensive understanding of Dolby Laboratories' operational efficiency and asset utilization. Further investigation into the company's investment in fixed assets and their contribution to revenue generation could help in evaluating the effectiveness of its asset management strategy.
Peer comparison
Dec 31, 2023