Gilead Sciences Inc (GILD)

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	26,229,000	26,516,000	26,520,000	26,161,000	26,413,000	26,256,000	26,613,000	26,496,000	26,325,000	26,743,000	26,144,000	25,341,000	24,689,000	23,147,000	22,174,000	22,716,000	22,449,000	22,365,000	22,357,000	22,320,000
Property, plant and equipment	US$ in thousands	5,317,000	5,572,000	5,540,000	5,479,000	5,475,000	5,349,000	5,299,000	5,253,000	5,121,000	5,037,000	4,996,000	4,990,000	4,967,000	4,810,000	4,653,000	4,564,000	4,502,000	4,377,000	4,249,000	4,116,000
Fixed asset turnover		4.93	4.76	4.79	4.77	4.82	4.91	5.02	5.04	5.14	5.31	5.23	5.08	4.97	4.81	4.77	4.98	4.99	5.11	5.26	5.42

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $26,229,000K ÷ $5,317,000K
= 4.93

Fixed asset turnover measures how efficiently a company utilizes its fixed assets to generate revenue. A higher fixed asset turnover ratio indicates that the company is generating more revenue per dollar of fixed assets.

According to the data provided for Gilead Sciences, Inc., the fixed asset turnover ratios have been relatively stable over the quarters, ranging from 4.92 to 5.23. This consistency suggests that Gilead Sciences is consistently utilizing its fixed assets efficiently to generate revenue.

The highest fixed asset turnover ratio observed was 5.23 in Q1 2022, indicating that Gilead was able to generate $5.23 in revenue for every dollar of fixed assets during that quarter. This high ratio implies strong asset utilization efficiency.

Overall, the trend of fixed asset turnover ratios for Gilead Sciences, Inc. shows a consistent and healthy level of efficiency in utilizing its fixed assets to generate revenue over the examined quarters.