Keysight Technologies Inc (KEYS)
Fixed asset turnover
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,979,000 | 5,003,000 | 5,168,000 | 5,342,000 | 5,464,000 | 5,596,000 | 5,590,000 | 5,551,000 | 5,420,000 | 5,271,000 | 5,141,000 | 5,011,000 | 4,941,000 | 4,867,000 | 4,632,000 | 4,306,000 | 4,221,000 | 4,121,000 | 4,197,000 | 4,392,000 |
| Property, plant and equipment | US$ in thousands | 774,000 | 776,000 | 769,000 | 771,000 | 761,000 | 754,000 | 746,000 | 728,000 | 690,000 | 668,000 | 664,000 | 672,000 | 650,000 | 616,000 | 598,000 | 597,000 | 595,000 | 584,000 | 575,000 | 578,000 |
| Fixed asset turnover | 6.43 | 6.45 | 6.72 | 6.93 | 7.18 | 7.42 | 7.49 | 7.62 | 7.86 | 7.89 | 7.74 | 7.46 | 7.60 | 7.90 | 7.75 | 7.21 | 7.09 | 7.06 | 7.30 | 7.60 |
October 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,979,000K ÷ $774,000K
= 6.43
Fixed asset turnover is a financial ratio that measures a company's ability to generate sales revenue from its fixed assets. Keysight Technologies Inc has maintained a relatively high and stable fixed asset turnover over the past several quarters. The trend shows a consistent performance, with a range between 6.43 and 7.90.
A higher fixed asset turnover ratio indicates that the company is utilizing its fixed assets efficiently to generate sales. Keysight's ratio has been consistently above 6, suggesting that the company is effectively using its investment in fixed assets to drive sales.
The slight fluctuations in the ratio over the quarters may indicate changes in the company's operational efficiency or strategic investments in fixed assets. Overall, the trend of high fixed asset turnover ratios for Keysight Technologies Inc reflects strong operational performance and efficient utilization of its fixed assets to generate revenue.
Peer comparison
Oct 31, 2024