Oshkosh Corporation (OSK)

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	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	Dec 31, 2018
Revenue (ttm)	US$ in thousands	9,599,300	9,351,500	8,915,100	8,564,200	8,249,100	8,098,100	8,239,400	8,063,100	7,692,100	7,423,700	6,795,700	6,693,900	6,813,900	7,225,400	8,036,800	8,251,000	8,369,800	8,231,100	8,026,400	7,922,600
Property, plant and equipment	US$ in thousands	1,069,500	954,800	890,500	871,500	826,200	700,900	674,500	603,700	595,900	563,400	561,200	555,200	565,900	548,700	551,700	558,800	573,600	515,500	504,000	487,100
Fixed asset turnover		8.98	9.79	10.01	9.83	9.98	11.55	12.22	13.36	12.91	13.18	12.11	12.06	12.04	13.17	14.57	14.77	14.59	15.97	15.93	16.26

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $9,599,300K ÷ $1,069,500K
= 8.98

The fixed asset turnover for Oshkosh Corp has been relatively stable over the past eight quarters, ranging from 9.03 to 13.43. This ratio measures how effectively the company generates revenue from its investment in fixed assets. A higher fixed asset turnover indicates that the company is efficiently utilizing its fixed assets to generate sales.

Oshkosh Corp's fixed asset turnover has shown a declining trend over the past quarters, with the ratio decreasing from a high of 13.43 in Q1 2022 to a low of 9.03 in Q4 2023. This suggests that the company may be experiencing challenges in efficiently utilizing its fixed assets to generate revenue.

It is important for Oshkosh Corp to maintain a balance between investing in fixed assets to support growth and ensuring effective utilization of these assets to drive revenue. Monitoring and improving the fixed asset turnover ratio can help the company optimize its asset utilization and enhance its overall financial performance.