IQVIA Holdings Inc (IQV)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 15,403,000 | 14,308,000 | 14,004,000 | 13,470,000 | 10,935,000 |
| Property, plant and equipment | US$ in thousands | 535,000 | 523,000 | 532,000 | 497,000 | 482,000 |
| Fixed asset turnover | 28.79 | 27.36 | 26.32 | 27.10 | 22.69 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $15,403,000K ÷ $535,000K
= 28.79
IQVIA Holdings Inc's fixed asset turnover ratio has shown consistent improvement over the past five years. The ratio has increased from 22.69 in December 2020 to 28.79 in December 2024. This indicates that the company is generating more revenue relative to its fixed assets, suggesting efficiency in utilizing its fixed assets to generate sales. The trend suggests that IQVIA Holdings Inc has been able to improve its operational efficiency and increase productivity in utilizing its fixed assets over the years. This may be attributed to better asset management, operational effectiveness, and possibly capital expenditure in productive assets. Overall, the increasing fixed asset turnover ratio reflects positively on the company's ability to maximize revenue from its fixed assets.
Peer comparison
Dec 31, 2024