Gen Digital Inc. (GEN)
Fixed asset turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,812,000 | 3,338,000 | 2,796,000 | 2,551,000 | 2,490,000 |
| Property, plant and equipment | US$ in thousands | 72,000 | 76,000 | 60,000 | 78,000 | 238,000 |
| Fixed asset turnover | 52.94 | 43.92 | 46.60 | 32.71 | 10.46 |
March 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,812,000K ÷ $72,000K
= 52.94
The fixed asset turnover ratio for Gen Digital Inc. has been improving over the past five years, indicating the company's ability to generate revenue from its fixed assets.
In particular, there has been a notable increase in the fixed asset turnover ratio from 10.46 in 2020 to 52.94 in 2024, suggesting that the company has become more efficient in utilizing its fixed assets to generate sales.
This improvement in the fixed asset turnover ratio signifies that Gen Digital Inc. has managed to increase its revenue relative to its investment in fixed assets, which is a positive indicator of operational efficiency and asset utilization. It reflects positively on the company's management of its fixed assets and underscores its ability to generate sales from its existing asset base.
Overall, the trend in the fixed asset turnover ratio for Gen Digital Inc. reflects a positive trajectory and suggests that the company is effectively leveraging its fixed assets to drive revenue growth.
Peer comparison
Mar 31, 2024