Johnson & Johnson (JNJ)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 84,021,000 | 79,428,000 | 93,356,000 | 82,174,000 | 81,474,000 |
| Property, plant and equipment | US$ in thousands | 19,898,000 | 17,982,000 | 18,962,000 | 18,766,000 | 17,658,000 |
| Fixed asset turnover | 4.22 | 4.42 | 4.92 | 4.38 | 4.61 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $84,021,000K ÷ $19,898,000K
= 4.22
Johnson & Johnson's fixed asset turnover has exhibited slight fluctuations over the past five years, with values ranging from 4.28 to 4.95. The trend shows a generally strong performance, indicating the company's ability to generate revenue from its fixed assets efficiently. The lower values in 2023 and 2021 compared to 2022 and 2019 suggest a slightly decreased effectiveness in utilizing fixed assets to generate sales during those years. Overall, the average fixed asset turnover of approximately 4.61 over the period reflects Johnson & Johnson's consistent operational efficiency in leveraging its fixed asset base to generate revenue.
Peer comparison
Dec 31, 2023