GXO Logistics Inc (GXO)

Fixed asset turnover

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Revenue US$ in thousands 9,725,000 8,964,000 7,919,000
Property, plant and equipment US$ in thousands 846,000 837,000 708,000
Fixed asset turnover 11.50 10.71 11.19

December 31, 2023 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $9,725,000K ÷ $846,000K
= 11.50

The fixed asset turnover ratio for GXO Logistics Inc has been consistently improving over the past four years. It increased from 7.45 in 2020 to 10.26 in 2023. This indicates that the company is generating more revenue relative to its investment in fixed assets. A higher fixed asset turnover ratio signifies more efficient utilization of fixed assets to generate sales. It suggests that GXO Logistics Inc has been effectively managing and maximizing the productivity of its fixed assets over the years. This trend may imply improved operational efficiency and potentially better profitability for the company.


Peer comparison

Dec 31, 2023