GXO Logistics Inc (GXO)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 11,709,000 | 11,049,000 | 10,363,000 | 9,911,000 | 9,778,000 | 9,655,000 | 9,471,000 | 9,233,000 | 8,993,000 | 8,788,000 | 8,475,000 | 8,201,000 | 7,940,000 | 7,444,000 | 7,054,000 | 6,577,000 | 6,195,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 3,056,000 | 3,159,000 | 3,132,000 | 3,187,000 | 2,972,000 | 2,805,000 | 2,604,000 | 2,635,000 | 2,641,000 | 2,582,000 | 2,548,000 | — |
| Fixed asset turnover | — | — | — | — | — | 3.16 | 3.00 | 2.95 | 2.82 | 2.96 | 3.02 | 3.15 | 3.01 | 2.82 | 2.73 | 2.58 | — |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $11,709,000K ÷ $—K
= —
Fixed asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its investment in fixed assets. For GXO Logistics Inc, the fixed asset turnover ratio has shown a generally increasing trend over the period from March 31, 2021, to September 30, 2023, indicating improved utilization of fixed assets to generate revenue.
The ratio increased from 2.58 on March 31, 2021, to a peak of 3.16 on September 30, 2023, before plateauing and slightly declining towards the end of the period. This indicates that GXO Logistics was able to generate $3.16 in sales revenue for every dollar invested in fixed assets as of September 30, 2023.
However, it is worth noting that the ratio fluctuated mildly between 2.58 and 3.16 during the period and saw a slight decline towards the end of the observation period. This may imply variations in operational efficiency and asset utilization within the company during certain periods.
Unfortunately, data for the fixed asset turnover ratio is not available for the quarters ending December 31, 2020, and beyond December 31, 2023. It is important for investors and analysts to consider other financial metrics and qualitative factors to gain a comprehensive understanding of GXO Logistics Inc's operational performance and asset management efficiency.
Peer comparison
Dec 31, 2024