Gartner Inc (IT)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,999,420 | 5,479,130 | 4,676,650 | 3,994,620 | 4,181,240 |
| Property, plant and equipment | US$ in thousands | 262,718 | 264,581 | 273,562 | 336,765 | 344,579 |
| Fixed asset turnover | 22.84 | 20.71 | 17.10 | 11.86 | 12.13 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $5,999,420K ÷ $262,718K
= 22.84
The fixed asset turnover ratio measures how efficiently a company is generating revenues from its fixed assets. Gartner, Inc.'s fixed asset turnover has been consistently increasing over the past five years, indicating an improvement in the company's ability to generate revenue from its fixed assets.
The company achieved a fixed asset turnover of 22.48 in 2023, a notable increase from 20.70 in 2022, 17.30 in 2021, and 12.17 in 2020. This indicates that for each dollar invested in fixed assets, Gartner, Inc. generated $22.48 in revenue in 2023, compared to $20.70 in 2022, $17.30 in 2021, and $12.17 in 2020.
The trend suggests that Gartner has been effectively utilizing its fixed assets to drive revenue growth over the years, reflecting positively on the company's operational efficiency and potentially indicating improved asset management strategies. This consistent improvement in fixed asset turnover is a positive indicator of the company's operational performance and financial health.
Peer comparison
Dec 31, 2023