Itron Inc (ITRI)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,441,973 | 2,396,573 | 2,345,043 | 2,277,357 | 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 |
| Property, plant and equipment | US$ in thousands | 115,428 | 120,449 | 122,026 | 124,979 | 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 |
| Fixed asset turnover | 21.16 | 19.90 | 19.22 | 18.22 | 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 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,441,973K ÷ $115,428K
= 21.16
Itron Inc's fixed asset turnover has shown a consistently increasing trend over the period from March 31, 2020, to December 31, 2024. The ratio started at 10.84 in March 2020 and gradually rose to 21.16 by December 2024. This indicates that the company is generating more revenue per dollar of investment in fixed assets as time progresses.
The significant improvement in fixed asset turnover suggests that Itron Inc has been able to efficiently utilize its fixed assets to generate sales. A higher fixed asset turnover ratio is generally favorable as it demonstrates that the company is able to generate more revenue from its investment in fixed assets.
The continuous increase in fixed asset turnover indicates that Itron Inc has likely improved its operational efficiency and asset utilization over the period under review. This could be a result of better asset management, operational optimization, or increased demand for the company's products or services.
Overall, the improving trend in fixed asset turnover reflects positively on Itron Inc's operational performance and efficiency in utilizing its fixed assets to drive revenue growth.
Peer comparison
Dec 31, 2024