Iridium Communications Inc (IRDM)
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 | 830,682 | 808,198 | 784,915 | 784,230 | 790,723 | 765,535 | 769,021 | 754,775 | 721,034 | 694,988 | 672,226 | 644,376 | 614,500 | 562,328 | 564,734 | 567,318 | 583,439 | 575,806 | 569,119 | 572,046 |
| Property, plant and equipment | US$ in thousands | 2,080,540 | 2,099,540 | 2,126,620 | 2,158,250 | 2,195,760 | 2,229,190 | 2,290,990 | 2,383,570 | 2,433,300 | 2,480,300 | 2,541,160 | 2,595,670 | 2,662,340 | 2,720,280 | 2,785,810 | 2,851,140 | 2,917,080 | 2,981,370 | 3,046,060 | 3,110,870 |
| Fixed asset turnover | 0.40 | 0.38 | 0.37 | 0.36 | 0.36 | 0.34 | 0.34 | 0.32 | 0.30 | 0.28 | 0.26 | 0.25 | 0.23 | 0.21 | 0.20 | 0.20 | 0.20 | 0.19 | 0.19 | 0.18 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $830,682K ÷ $2,080,540K
= 0.40
The fixed asset turnover ratio of Iridium Communications Inc has been steadily increasing over the years, indicating an improvement in the company's efficiency in generating sales revenue from its fixed assets. The ratio has increased from 0.18 at March 31, 2020, to 0.40 at December 31, 2024. This upward trend suggests that the company is utilizing its fixed assets more effectively to generate revenue, which is a positive indicator of operational efficiency and potential profitability. Overall, the consistent improvement in the fixed asset turnover ratio reflects positively on Iridium Communications Inc's management of its fixed assets to drive revenue growth.
Peer comparison
Dec 31, 2024