IQVIA Holdings Inc (IQV)

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	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Revenue (ttm)	US$ in thousands	15,237,000	14,964,000	14,623,000	14,368,000	14,308,000	14,246,000	14,145,000	14,033,000	14,004,000	13,925,000	13,769,000	13,666,000	13,470,000	13,226,000	12,614,000	11,671,000	11,033,000	10,630,000	10,575,000	10,800,000
Property, plant and equipment	US$ in thousands	535,000	513,000	503,000	513,000	523,000	498,000	510,000	520,000	532,000	507,000	529,000	531,000	497,000	485,000	470,000	472,000	482,000	452,000	444,000	445,000
Fixed asset turnover		28.48	29.17	29.07	28.01	27.36	28.61	27.74	26.99	26.32	27.47	26.03	25.74	27.10	27.27	26.84	24.73	22.89	23.52	23.82	24.27

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $15,237,000K ÷ $535,000K
= 28.48

The fixed asset turnover of IQVIA Holdings Inc has shown a positive trend over the past few years, indicating efficiency in utilizing fixed assets to generate revenue. The ratio has consistently increased from 24.27 in March 2020 to 28.48 in December 2024. This suggests that the company has been able to generate more revenue per dollar invested in fixed assets over time.

A higher fixed asset turnover ratio reflects the company's ability to generate sales using its fixed assets efficiently. The steady growth in this ratio indicates that IQVIA Holdings Inc has been effectively managing and utilizing its fixed assets to support its operations and revenue generation.

Overall, the increasing trend in the fixed asset turnover ratio for IQVIA Holdings Inc is a positive signal of the company's operational efficiency and effective utilization of its fixed assets to drive business performance.