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