NXP Semiconductors NV (NXPI)

Fixed asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Dec 31, 2018
Revenue (ttm)	US$ in thousands	13,276,000	13,166,000	13,177,000	13,190,000	13,205,000	12,932,000	12,348,000	11,632,000	11,063,000	10,531,000	9,937,000	9,158,000	8,612,000	8,406,000	8,404,000	8,990,000
Property, plant and equipment	US$ in thousands	3,323,000	3,197,000	3,152,000	3,123,000	3,105,000	2,971,000	2,914,000	2,814,000	2,635,000	2,510,000	2,375,000	2,304,000	2,284,000	2,255,000	2,312,000	2,397,000	2,448,000	2,401,000	2,436,000
Fixed asset turnover		4.00	4.12	4.18	4.22	4.25	4.35	4.24	4.13	4.20	4.20	4.18	3.97	3.77	3.73	3.63	3.75

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $13,276,000K ÷ $3,323,000K
= 4.00

The fixed asset turnover ratio measures the efficiency of NXP Semiconductors NV in generating revenue from its investment in fixed assets. A higher fixed asset turnover ratio indicates that the company is utilizing its fixed assets more effectively to generate sales.

From the data provided, we can see that NXP Semiconductors NV's fixed asset turnover has been relatively consistent and relatively high over the past eight quarters, ranging between 4.00 and 4.35. This suggests that the company is efficiently using its fixed assets to generate revenue.

The trend of the fixed asset turnover ratio over the quarters shows slight fluctuations, but overall, it has been stable, with the ratio generally staying above 4. This indicates that NXP Semiconductors NV has been successful in leveraging its fixed assets to drive sales consistently.

In conclusion, based on the fixed asset turnover ratio trend, it can be inferred that NXP Semiconductors NV has been effectively managing its fixed assets to generate revenue efficiently over the analyzed quarters.