Gartner Inc (IT)

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 5,994,280 5,975,660 5,887,990 5,754,690 5,470,940 5,210,450 5,032,650 4,824,550 4,680,250 4,501,760 4,292,403 4,095,451 3,995,091 4,067,621 4,128,212 4,231,074 4,170,966 4,439,036 4,360,132 4,292,904
Property, plant and equipment US$ in thousands 262,718 259,890 258,601 256,863 264,581 256,176 250,315 258,364 273,562 297,020 309,222 322,610 336,765 332,891 343,563 346,579 344,579 300,612 291,280 271,448
Fixed asset turnover 22.82 22.99 22.77 22.40 20.68 20.34 20.11 18.67 17.11 15.16 13.88 12.69 11.86 12.22 12.02 12.21 12.10 14.77 14.97 15.81

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,994,280K ÷ $262,718K
= 22.82

Gartner, Inc.'s fixed asset turnover ratio has been consistently high over the past eight quarters, indicating the company's efficiency in generating revenue from its investment in fixed assets. The ratio has shown a positive trend, with values increasing gradually from 18.94 in Q1 2022 to 22.48 in Q4 2023. This suggests that Gartner has been effectively utilizing its fixed assets to drive sales growth and maximize operational performance. The company's ability to generate significant sales relative to its investment in fixed assets signifies strong operational efficiency and effective asset utilization. Overall, the trend of increasing fixed asset turnover ratios reflects positively on Gartner's operational performance and efficiency in managing its asset base.


Peer comparison

Dec 31, 2023

Company name
Symbol
Fixed asset turnover
Gartner Inc
IT
22.82
Premier Inc
PINC
6.54
R1 RCM Inc
RCM
12.97