IQVIA Holdings Inc (IQV)

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	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	10,726,000	10,519,000	10,377,000	10,209,000
Property, plant and equipment	US$ in thousands	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	458,000	451,000	458,000	437,000
Fixed asset turnover		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	23.42	23.32	22.66	23.36

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $14,308,000K ÷ $523,000K
= 27.36

IQVIA Holdings Inc's fixed asset turnover ratio has been relatively stable over the past eight quarters, ranging from 26.43 to 29.83. This ratio measures the company's ability to generate revenue from its investment in fixed assets. A higher fixed asset turnover ratio indicates that the company is more efficient in utilizing its fixed assets to generate sales.

With values consistently above 26, IQVIA appears to be effectively leveraging its fixed assets to generate revenue. The slight fluctuations in the ratio over the quarters suggest that the company's operational efficiency in utilizing its fixed assets has been relatively consistent.

Overall, the data indicates that IQVIA Holdings Inc has maintained a healthy level of fixed asset turnover, reflecting its ability to efficiently generate revenue from its investments in fixed assets.