KBR Inc (KBR)
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 | 6,834,000 | 6,723,000 | 6,586,000 | 6,479,000 | 6,496,000 | 7,390,000 | 7,610,000 | 7,505,000 | 7,249,000 | 6,239,000 | 5,795,000 | 5,668,000 | 5,767,000 | 5,753,000 | 5,799,000 | 5,836,000 | 5,639,000 | 5,517,000 | 5,370,000 | 5,215,000 |
| Property, plant and equipment | US$ in thousands | 239,000 | 224,000 | 218,000 | 206,000 | 182,000 | 146,000 | 135,000 | 132,000 | 136,000 | 131,000 | 136,000 | 556,000 | 130,000 | 111,000 | 112,000 | 120,000 | 130,000 | 109,000 | 116,000 | 120,000 |
| Fixed asset turnover | 28.59 | 30.01 | 30.21 | 31.45 | 35.69 | 50.62 | 56.37 | 56.86 | 53.30 | 47.63 | 42.61 | 10.19 | 44.36 | 51.83 | 51.78 | 48.63 | 43.38 | 50.61 | 46.29 | 43.46 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $6,834,000K ÷ $239,000K
= 28.59
The fixed asset turnover ratio measures the efficiency of a company in generating sales revenue from its investment in fixed assets. A higher fixed asset turnover ratio indicates that the company is effectively utilizing its fixed assets to generate sales.
Analyzing the fixed asset turnover of KBR Inc over the past few quarters, we can see fluctuations in the ratio. The ratio has generally been high, ranging from 10.19 to 56.86 over the last few quarters. This suggests that KBR Inc has been efficient in generating revenue relative to its investment in fixed assets.
The fixed asset turnover ratio peaked at 56.86 in the second quarter of 2022 and has been fluctuating since then, with a slight downward trend. This could indicate either changes in the company's sales strategy or fluctuations in the value of fixed assets. Despite the fluctuations, the company has maintained a relatively high fixed asset turnover ratio, indicating efficient utilization of fixed assets.
Overall, the trend in KBR Inc's fixed asset turnover ratio suggests that the company has been effectively leveraging its fixed assets to generate sales revenue. Further analysis would be needed to understand the specific factors contributing to the fluctuations in the ratio and assess the ongoing efficiency of the company's asset utilization.
Peer comparison
Dec 31, 2023