Oshkosh Corporation (OSK)

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	10,730,200	10,598,900	10,367,400	9,933,600	9,657,900	9,394,700	8,951,500	8,604,400	8,282,000	7,870,100	7,866,400	8,009,200	7,952,500	7,737,300	7,458,500	6,830,500	6,738,200	6,856,800	7,268,300	8,080,200
Property, plant and equipment	US$ in thousands	—	—	—	—	—	954,800	890,500	871,500	826,200	700,900	674,500	603,700	593,200	595,900	563,400	561,200	555,200	565,900	548,700	551,700
Fixed asset turnover		—	—	—	—	—	9.84	10.05	9.87	10.02	11.23	11.66	13.27	13.41	12.98	13.24	12.17	12.14	12.12	13.25	14.65

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $10,730,200K ÷ $—K
= —

Fixed asset turnover is a financial ratio that measures how effectively a company is utilizing its fixed assets to generate revenue. A higher fixed asset turnover ratio indicates that the company is efficiently utilizing its fixed assets to generate sales.

Analyzing the fixed asset turnover of Oshkosh Corporation over the past few years, we can see a fluctuating trend. The ratio was relatively high in the first half of the observed period, reaching a peak of 14.65 in March 2020, indicating efficient utilization of fixed assets to generate revenue. However, the ratio started to decline gradually in the latter half of 2020 and continued to decrease through 2021 and 2022. This decline could be a sign of decreasing efficiency in utilizing fixed assets to generate sales.

By the end of 2023, the fixed asset turnover ratio dropped to 9.84, indicating that Oshkosh Corporation was generating less revenue per dollar invested in fixed assets. Furthermore, the ratio remained stagnant at a low level, with no data available for the years 2024.

Overall, the declining trend in the fixed asset turnover ratio of Oshkosh Corporation suggests a potential inefficiency in utilizing fixed assets to generate revenue. Further analysis and investigation into the company's operations and asset management strategies may be needed to address this trend.