Keysight Technologies Inc (KEYS)

Fixed asset turnover

Oct 31, 2023 Oct 31, 2022 Oct 31, 2021 Oct 31, 2020 Oct 31, 2019
Revenue US$ in thousands 5,464,000 5,420,000 4,941,000 4,221,000 4,303,000
Property, plant and equipment US$ in thousands 761,000 690,000 650,000 595,000 576,000
Fixed asset turnover 7.18 7.86 7.60 7.09 7.47

October 31, 2023 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $5,464,000K ÷ $761,000K
= 7.18

The fixed asset turnover ratio measures the efficiency of a company's use of its fixed assets to generate sales. Keysight Technologies Inc's fixed asset turnover over the last five years has shown a consistent trend, ranging from 7.09 to 7.86. This indicates that, on average, the company generated around 7.47 times its fixed assets in sales revenue. A higher ratio generally signifies better asset utilization and productivity. Therefore, the trend suggests that Keysight Technologies Inc has been effectively leveraging its fixed assets to drive sales, reflecting positively on its operational efficiency.


Peer comparison

Oct 31, 2023