Itron Inc (ITRI)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,167,720 | 1,788,240 | 1,881,840 | 2,072,330 | 2,450,020 |
| Property, plant and equipment | US$ in thousands | 128,806 | 140,123 | 163,184 | 207,816 | 233,228 |
| Fixed asset turnover | 16.83 | 12.76 | 11.53 | 9.97 | 10.50 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,167,720K ÷ $128,806K
= 16.83
The fixed asset turnover of Itron Inc. has shown an increasing trend over the past five years, reflecting the company's efficiency in generating revenue from its fixed assets. The ratio has improved from 10.73 in 2019 to 16.88 in 2023, indicating that for every dollar invested in fixed assets, the company is generating more sales. This suggests that Itron Inc. has been effectively utilizing its fixed assets to drive revenue growth and improve operational efficiency. The consistent increase in fixed asset turnover signifies that the company has been able to optimize its asset utilization over the years, which is a positive indicator of its operational performance and efficiency.
Peer comparison
Dec 31, 2023