Kenvue Inc. (KVUE)

Fixed asset turnover

Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023
Revenue (ttm) US$ in thousands 15,291,000
Property, plant and equipment US$ in thousands 2,042,000 1,872,000 1,832,000 1,836,000
Fixed asset turnover 7.49

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $15,291,000K ÷ $2,042,000K
= 7.49

The fixed asset turnover ratio of Kenvue Inc. for the latest reporting period (up to December 31, 2023) is 7.49. This ratio indicates that for every dollar in fixed assets the company has, it generates $7.49 in sales revenue.

A high fixed asset turnover ratio can suggest efficient utilization of fixed assets to generate sales. It may demonstrate effective management in generating sales from investments in property, plant, and equipment.

However, it is also important to consider the industry norms and compare the ratio with previous periods to understand if the company's efficiency in asset utilization is improving or declining over time. Additionally, it is crucial to interpret this ratio in conjunction with other financial metrics to gain a comprehensive view of Kenvue Inc.'s operational performance and financial health.


Peer comparison

Dec 31, 2023