Intel Corporation (INTC)
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 | 54,609,000 | 49,921,000 | 51,712,000 | 53,325,000 | 60,233,000 | 69,226,000 | 72,142,000 | 77,425,000 | 78,200,000 | 77,539,000 | 76,698,000 | 76,709,000 | 76,997,000 | 77,332,000 | 78,200,000 | 75,050,000 | 71,097,000 | 69,594,000 | 69,394,000 | 69,770,000 |
| Property, plant and equipment | US$ in thousands | 96,647,000 | 190,474,000 | 186,726,000 | 180,284,000 | 80,860,000 | 167,180,000 | 160,823,000 | 153,814,000 | 63,245,000 | 59,733,000 | 58,166,000 | 57,330,000 | 56,584,000 | 59,205,000 | 58,036,000 | 56,770,000 | 55,386,000 | 53,563,000 | 51,377,000 | 50,040,000 |
| Fixed asset turnover | 0.57 | 0.26 | 0.28 | 0.30 | 0.74 | 0.41 | 0.45 | 0.50 | 1.24 | 1.30 | 1.32 | 1.34 | 1.36 | 1.31 | 1.35 | 1.32 | 1.28 | 1.30 | 1.35 | 1.39 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $54,609,000K ÷ $96,647,000K
= 0.57
The fixed asset turnover ratio measures how efficiently a company utilizes its fixed assets to generate sales revenue. A higher ratio indicates that the company is effectively using its fixed assets to generate sales.
Analyzing Intel Corporation's fixed asset turnover over the past 20 quarters, there is a clear fluctuation in the ratio. In the most recent quarter, the fixed asset turnover was 0.57, which is an improvement compared to the previous quarter but still lower than the levels seen in previous periods.
Generally, Intel's fixed asset turnover has been trending downwards over the past two years, indicating a decline in the efficiency of utilizing fixed assets to generate sales. The ratio peaked at 1.39 in the first quarter of 2019 but has since been on a declining trend.
Investors and analysts should closely monitor Intel's fixed asset turnover ratio to assess the company's efficiency in generating sales from its fixed assets. Further analysis of the factors influencing this ratio, such as changes in asset utilization or sales growth, would provide valuable insights into Intel's operational performance and efficiency.
Peer comparison
Dec 31, 2023