LKQ Corporation (LKQ)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 14,355,000 | 14,499,000 | 14,483,000 | 14,220,000 | 13,866,000 | 13,366,000 | 12,902,000 | 12,795,000 | 12,794,000 | 12,978,990 | 13,171,600 | 13,265,710 | 13,088,500 | 12,856,400 | 12,607,470 | 11,798,680 | 11,628,830 | 11,684,800 | 11,784,890 | 12,406,740 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 1,298,000 | 1,265,000 | 1,236,000 | 2,362,000 | 2,485,000 | 2,557,000 | 2,660,060 | 2,533,420 | 2,575,300 | 1,204,640 | 1,248,700 | 1,204,770 | 1,196,500 | 1,202,330 |
| Fixed asset turnover | — | — | — | — | — | — | 9.94 | 10.11 | 10.35 | 5.49 | 5.30 | 5.19 | 4.92 | 5.07 | 4.90 | 9.79 | 9.31 | 9.70 | 9.85 | 10.32 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $14,355,000K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company is using its fixed assets to generate revenue. In the case of LKQ Corporation, the trend in the fixed asset turnover ratio from March 31, 2020, to December 31, 2022, shows a fluctuation but generally staying within a range of 4.90 to 10.35. This indicates that over this period, LKQ was able to generate revenue efficiently by utilizing its fixed assets effectively.
However, starting from June 30, 2022, to the most recent data available on March 31, 2024, the fixed asset turnover ratio is not provided, denoted by "—". This lack of data can make it challenging to assess the efficiency of LKQ's fixed asset utilization in recent periods.
Overall, an increasing fixed asset turnover ratio indicates improving efficiency in generating revenue from fixed assets, while a decreasing ratio may signal declining asset productivity. Therefore, further analysis would be needed to interpret the latest data and understand the impact on LKQ Corporation's financial performance.