John Bean Technologies Corporation (JBT)
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 | 1,838,500 | 1,950,600 | 2,102,600 | 2,220,900 | 2,166,100 | 2,064,200 | 1,983,800 | 1,905,300 | 1,853,500 | 1,838,100 | 1,765,500 | 1,701,500 | 1,727,800 | 1,833,900 | 1,904,100 | 1,985,900 | 1,945,700 | 1,937,500 | 1,930,000 | 1,928,000 |
| Property, plant and equipment | US$ in thousands | 243,300 | 245,100 | 246,600 | 273,100 | 245,400 | 262,200 | 263,400 | 269,200 | 267,600 | 268,300 | 267,800 | 263,300 | 268,000 | 261,900 | 262,200 | 261,300 | 265,600 | 264,500 | 265,400 | 237,500 |
| Fixed asset turnover | 7.56 | 7.96 | 8.53 | 8.13 | 8.83 | 7.87 | 7.53 | 7.08 | 6.93 | 6.85 | 6.59 | 6.46 | 6.45 | 7.00 | 7.26 | 7.60 | 7.33 | 7.33 | 7.27 | 8.12 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,838,500K ÷ $243,300K
= 7.56
John Bean Technologies Corp's fixed asset turnover has shown a positive trend over the past several quarters. The company's fixed asset turnover ratio has consistently been above 7x, indicating that it generates significant revenue relative to its investment in fixed assets.
The highest fixed asset turnover was recorded in Q2 2023 at 8.56x, followed closely by Q3 2023 at 8.00x. These values suggest that the company efficiently utilizes its fixed assets to generate revenue during these periods.
Overall, the trend of increasing fixed asset turnover ratios from Q1 2022 to Q2 2023 reflects a positive operational performance by John Bean Technologies Corp in effectively utilizing its fixed assets to drive revenue generation. This efficiency could be attributed to improved operational processes, better asset management, or effective production capacity utilization.
While the fixed asset turnover ratio may fluctuate due to various factors, the consistent high values indicate that the company is effectively managing and utilizing its fixed assets to support its revenue generation activities.
Peer comparison
Dec 31, 2023