Fluor Corporation (FLR)
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 | 15,474,000 | 15,364,000 | 15,013,000 | 14,373,000 | 13,743,000 | 13,190,000 | 13,081,000 | 13,466,000 | 13,691,000 | 13,802,000 | 13,756,000 | 13,807,000 | 14,158,000 | 15,298,700 | 16,470,300 | 16,881,700 | 17,317,300 | 16,855,070 | 16,067,670 | 15,860,570 |
| Property, plant and equipment | US$ in thousands | 458,000 | 443,000 | 439,000 | 434,000 | 447,000 | 460,000 | 478,000 | 501,000 | 456,000 | 425,633 | 448,436 | 36,830 | 463,827 | 563,624 | 568,606 | 567,148 | 594,826 | 571,214 | 677,011 | 717,738 |
| Fixed asset turnover | 33.79 | 34.68 | 34.20 | 33.12 | 30.74 | 28.67 | 27.37 | 26.88 | 30.02 | 32.43 | 30.68 | 374.88 | 30.52 | 27.14 | 28.97 | 29.77 | 29.11 | 29.51 | 23.73 | 22.10 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $15,474,000K ÷ $458,000K
= 33.79
The fixed asset turnover ratio of Fluor Corporation has been showing a consistent upward trend over the past few quarters, indicating an improvement in the company's efficiency in generating revenue from its fixed assets. The ratio increased from 25.19 in Q1 2022 to 34.68 in Q3 2023. This suggests that Fluor Corporation is utilizing its fixed assets more effectively to generate sales.
A higher fixed asset turnover ratio generally indicates that the company is using its fixed assets more efficiently to generate revenue. It can also suggest that the company is managing its assets well and is able to generate more sales with less investment in fixed assets. This trend can be reassuring to investors and creditors, as it indicates that the company is able to generate sufficient revenue from its existing assets without the need for significant additional investments.
Overall, the increasing trend in Fluor Corporation's fixed asset turnover ratio reflects positively on the company's operational efficiency and asset management, showcasing the potential for sustained revenue generation from its fixed assets.
Peer comparison
Dec 31, 2023