Pitney Bowes Inc (PBI)
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 | 2,639,263 | 2,994,720 | 3,279,008 | 3,262,319 | 3,266,348 | 3,303,461 | 3,350,624 | 3,445,638 | 3,538,042 | 3,613,063 | 3,657,598 | 3,685,306 | 3,673,561 | 3,718,269 | 3,734,718 | 3,673,007 | 3,554,078 | 3,357,001 | 3,255,228 | 3,278,515 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 726,296 | 25,936 | 26,955 | 744,288 | 715,657 | 669,890 | 666,975 | 672,364 | 679,424 | 674,183 | 442,934 | 429,715 | 407,818 | 416,340 | 411,728 |
| Fixed asset turnover | — | — | — | — | — | 4.55 | 129.19 | 127.83 | 4.75 | 5.05 | 5.46 | 5.53 | 5.46 | 5.47 | 5.54 | 8.29 | 8.27 | 8.23 | 7.82 | 7.96 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,639,263K ÷ $—K
= —
Pitney Bowes Inc's fixed asset turnover has shown significant fluctuations over the years, indicating varying levels of efficiency in utilizing its fixed assets to generate revenue.
The ratio peaked at an exceptionally high level of 129.19 in June 2023, signifying a substantial increase in revenue generated per dollar of fixed assets during that period. However, this spike was followed by a sharp decline to 4.55 in September 2023, indicating a sudden drop in efficiency in utilizing fixed assets.
In the subsequent quarters, the fixed asset turnover remained relatively low, ranging from 4.55 to 5.54, suggesting a consistent but comparatively lower level of efficiency in generating revenue from fixed assets.
It's worth noting that the data for the last few quarters, from December 2023 to December 2024, is missing, which makes it difficult to provide a complete analysis of the trend in fixed asset turnover during those periods.
Overall, the analysis underscores the importance of closely monitoring fixed asset turnover to assess the efficiency of Pitney Bowes Inc's asset utilization and revenue generation capabilities.