Interpublic Group of Companies Inc (IPG)
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 | 10,889,300 | 10,851,900 | 10,811,100 | 10,880,300 | 10,927,800 | 10,874,000 | 10,778,300 | 10,552,200 | 10,240,700 | 9,858,600 | 9,442,100 | 8,958,200 | 9,061,000 | 9,412,800 | 9,725,400 | 10,219,900 | 10,221,300 | 10,175,500 | 10,034,900 | 9,906,500 |
| Property, plant and equipment | US$ in thousands | 636,700 | 627,600 | 629,600 | 630,500 | 637,400 | 632,900 | 641,600 | 654,900 | 675,800 | 666,300 | 658,200 | 667,000 | 690,300 | 709,800 | 717,800 | 752,800 | 778,100 | 758,200 | 767,100 | 767,100 |
| Fixed asset turnover | 17.10 | 17.29 | 17.17 | 17.26 | 17.14 | 17.18 | 16.80 | 16.11 | 15.15 | 14.80 | 14.35 | 13.43 | 13.13 | 13.26 | 13.55 | 13.58 | 13.14 | 13.42 | 13.08 | 12.91 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $10,889,300K ÷ $636,700K
= 17.10
Interpublic Group Of Cos., Inc. has consistently maintained a high fixed asset turnover ratio over the past eight quarters, ranging from 16.11 to 17.29. This indicates that the company generates significant revenue relative to its investment in fixed assets. The slight fluctuations in the ratio suggest that Interpublic Group is effectively utilizing its fixed assets to generate sales. The upward trend from Q1 2022 to Q3 2023 indicates an improvement in asset utilization efficiency. This consistent high fixed asset turnover ratio reflects the company's efficient management of its assets to generate revenue. It also suggests that Interpublic Group has been successful in optimizing its resource allocation towards productive activities. Overall, the fixed asset turnover ratio analysis indicates that Interpublic Group Of Cos., Inc. efficiently generates revenue from its fixed asset base.
Peer comparison
Dec 31, 2023