ManpowerGroup Inc (MAN)

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	17,845,600	18,036,300	18,155,700	18,467,800	18,813,000	18,997,000	19,134,800	19,366,000	19,762,200	20,347,600	20,690,800	20,895,400	20,680,400	20,363,000	19,806,800	18,271,300	17,964,500	18,106,200	18,765,700	20,396,800
Property, plant and equipment	US$ in thousands	118,400	126,800	122,100	124,200	129,900	119,600	116,300	110,400	112,200	104,400	110,000	113,400	116,800	118,800	123,000	126,600	135,100	132,500	136,400	138,400
Fixed asset turnover		150.72	142.24	148.70	148.69	144.83	158.84	164.53	175.42	176.13	194.90	188.10	184.26	177.06	171.41	161.03	144.32	132.97	136.65	137.58	147.38

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $17,845,600K ÷ $118,400K
= 150.72

ManpowerGroup Inc's fixed asset turnover ratio has fluctuated over the past few years. The ratio shows the company's efficiency in generating revenue from its fixed assets.

From March 31, 2020, to December 31, 2022, the fixed asset turnover ratio steadily increased from 147.38 to 176.13, indicating improving efficiency in asset utilization. This trend suggests that the company was generating more revenue per dollar invested in fixed assets during this period.

However, from March 31, 2023, to December 31, 2024, the fixed asset turnover ratio experienced a decline, dropping to 150.72. This decrease may indicate a potential decrease in the company's ability to generate revenue from its fixed assets efficiently during this period.

It is essential for ManpowerGroup Inc to closely monitor its fixed asset turnover ratio to ensure optimal asset utilization and maximize returns on its investment in fixed assets. Further analysis of the company's operational and strategic factors influencing asset turnover could provide valuable insights for performance improvement.