McKesson Corporation (MCK)
Fixed asset turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 308,734,000 | 276,496,000 | 263,638,000 | 238,047,000 | 230,835,000 |
| Property, plant and equipment | US$ in thousands | 2,316,000 | 2,177,000 | 2,092,000 | 2,581,000 | 2,365,000 |
| Fixed asset turnover | 133.30 | 127.01 | 126.02 | 92.23 | 97.60 |
March 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $308,734,000K ÷ $2,316,000K
= 133.30
The fixed asset turnover ratio for McKesson Corporation has shown a consistent and positive trend over the past five years, indicating the company's efficiency in generating revenue from its investment in fixed assets. The ratio has increased steadily from 97.60 in 2020 to 133.30 in 2024, reaching its peak in the latest fiscal year. This suggests that McKesson has been able to effectively utilize its fixed assets to generate sales, reflecting improved operational efficiency and asset productivity. The upward trend in the fixed asset turnover ratio is a positive indicator of McKesson's ability to efficiently manage and deploy its fixed assets to drive revenue growth.
Peer comparison
Mar 31, 2024