Gartner Inc (IT)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,313,080 | 5,999,420 | 5,479,130 | 4,676,650 | 3,994,620 |
| Property, plant and equipment | US$ in thousands | 242,968 | 262,718 | 264,581 | 273,562 | 336,765 |
| Fixed asset turnover | 25.98 | 22.84 | 20.71 | 17.10 | 11.86 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $6,313,080K ÷ $242,968K
= 25.98
Fixed asset turnover measures how effectively a company generates revenue from its investment in fixed assets. In the case of Gartner Inc, the fixed asset turnover has shown a positive trend over the past five years, increasing from 11.86 in December 31, 2020, to 25.98 in December 31, 2024. This indicates that Gartner Inc has been able to utilize its fixed assets more efficiently to generate sales revenue over time. The significant improvement in fixed asset turnover reflects enhanced operational efficiency and productivity within the company, showcasing effective asset management and utilization strategies. Overall, the increasing trend in fixed asset turnover for Gartner Inc is a positive signal of the company's ability to maximize the productivity of its fixed assets.
Peer comparison
Dec 31, 2024