Itron Inc (ITRI)
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 | 2,168,374 | 2,058,238 | 1,919,092 | 1,810,221 | 1,789,196 | 1,772,212 | 1,837,352 | 1,882,538 | 1,918,727 | 1,982,641 | 2,027,694 | 2,050,196 | 2,129,627 | 2,242,805 | 2,325,037 | 2,448,668 | 2,462,571 | 2,421,232 | 2,391,417 | 2,341,121 |
| Property, plant and equipment | US$ in thousands | 128,806 | 129,714 | 132,648 | 136,397 | 140,123 | 138,768 | 150,663 | 157,244 | 163,184 | 189,748 | 196,209 | 199,650 | 207,816 | 205,930 | 216,319 | 225,925 | 233,228 | 225,658 | 228,513 | 224,938 |
| Fixed asset turnover | 16.83 | 15.87 | 14.47 | 13.27 | 12.77 | 12.77 | 12.20 | 11.97 | 11.76 | 10.45 | 10.33 | 10.27 | 10.25 | 10.89 | 10.75 | 10.84 | 10.56 | 10.73 | 10.47 | 10.41 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,168,374K ÷ $128,806K
= 16.83
Itron Inc.'s fixed asset turnover has shown a generally increasing trend over the last eight quarters, indicating improved efficiency in generating sales from its fixed assets. The ratio increased from 12.32 in Q1 2022 to 16.88 in Q4 2023. This suggests that the company is generating $16.88 in sales for every dollar invested in fixed assets in the most recent quarter.
The consistent rise in fixed asset turnover reflects better utilization of the company's fixed assets to drive revenue growth. This trend signifies that Itron Inc. is effectively managing its fixed assets to generate sales, potentially indicating improved operational efficiency and stronger performance.
Overall, the upward trajectory of Itron Inc.'s fixed asset turnover ratio indicates a positive outlook for the company in terms of its ability to efficiently utilize its fixed assets to drive revenue generation.
Peer comparison
Dec 31, 2023