Eaton Corporation PLC (ETN)
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 | 23,106,000 | 22,505,000 | 21,868,000 | 21,178,000 | 20,562,000 | 19,970,000 | 20,218,000 | 20,349,000 | 20,114,000 | 20,118,000 | 19,180,000 | 17,774,000 | 18,008,000 | 18,475,000 | 19,163,000 | 20,776,000 | 21,229,000 | 21,373,000 | 21,496,000 | 26,924,000 |
| Property, plant and equipment | US$ in thousands | 3,530,000 | 3,341,000 | 3,267,000 | 3,206,000 | 3,146,000 | 2,967,000 | 3,043,000 | 3,098,000 | 3,064,000 | 3,025,000 | 3,058,000 | 2,922,000 | 2,964,000 | 2,916,000 | 2,904,000 | 2,939,000 | 3,496,000 | 3,483,000 | 3,510,000 | 3,473,000 |
| Fixed asset turnover | 6.55 | 6.74 | 6.69 | 6.61 | 6.54 | 6.73 | 6.64 | 6.57 | 6.56 | 6.65 | 6.27 | 6.08 | 6.08 | 6.34 | 6.60 | 7.07 | 6.07 | 6.14 | 6.12 | 7.75 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $23,106,000K ÷ $3,530,000K
= 6.55
Eaton Corporation plc's fixed asset turnover ratio has been relatively stable over the past eight quarters, ranging from 6.38 to 6.80. This ratio indicates how efficiently the company is utilizing its fixed assets to generate revenue. A higher fixed asset turnover ratio suggests that the company is effectively using its fixed assets to generate sales.
The slight fluctuations in the fixed asset turnover ratio over the quarters may be attributed to changes in the company's operating efficiency, strategic investments in fixed assets, or changes in sales volumes. Overall, Eaton Corporation plc has maintained a consistently high fixed asset turnover ratio, demonstrating its effective management of fixed assets to drive revenue generation.
Peer comparison
Dec 31, 2023
See also:
Eaton Corporation PLC Net Fixed Asset Turnover (Quarterly Data)