ODP Corp (ODP)
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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 7,821,000 | 8,121,000 | 8,288,000 | 8,415,000 | 8,480,000 | 8,416,000 | 8,417,000 | 8,667,000 | 8,853,000 | 9,099,000 | 9,460,000 | 9,315,000 | 9,663,000 | 9,883,000 | 10,111,000 | 10,541,000 | 10,580,000 | 10,727,000 | 10,822,000 | 10,854,000 |
| Property, plant and equipment | US$ in thousands | 359,000 | 352,000 | 347,000 | 345,000 | 352,000 | 355,000 | 461,000 | 466,000 | 477,000 | 492,000 | 533,000 | 546,000 | 542,000 | 602,000 | 612,000 | 651,000 | 679,000 | 699,000 | 726,000 | 730,000 |
| Fixed asset turnover | 21.79 | 23.07 | 23.88 | 24.39 | 24.09 | 23.71 | 18.26 | 18.60 | 18.56 | 18.49 | 17.75 | 17.06 | 17.83 | 16.42 | 16.52 | 16.19 | 15.58 | 15.35 | 14.91 | 14.87 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $7,821,000K ÷ $359,000K
= 21.79
The fixed asset turnover ratio for ODP Corp has shown a generally increasing trend over the past five quarters, indicating that the company has been more effective in generating sales revenue from its fixed assets. The ratio has improved from 14.87 in March 2019 to 24.39 in March 2023, which suggests that the company has become more efficient in utilizing its fixed assets to drive sales.
The ratio peaked at 24.39 in March 2023, indicating that for every dollar of fixed assets invested, ODP Corp generated $24.39 in sales revenue during that quarter. This higher ratio demonstrates the company's ability to effectively manage and utilize its fixed assets to generate revenue.
Overall, the increasing trend in the fixed asset turnover ratio for ODP Corp signifies improved efficiency in asset utilization and a positive sign for the company's operational performance in utilizing its fixed assets to drive sales growth.
Peer comparison
Dec 31, 2023