Pitney Bowes Inc (PBI)
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 | 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 | 3,206,309 | 3,205,125 | 3,231,196 | 3,201,352 | 3,186,317 |
| Property, plant and equipment | US$ in thousands | 332,579 | 391,649 | 401,905 | 411,793 | 366,609 | 427,958 | 427,438 | 430,498 | 429,162 | 467,396 | 429,785 | 405,226 | 391,280 | 367,466 | 375,465 | 371,464 | 376,177 | 371,666 | 416,512 | 412,727 |
| Fixed asset turnover | 9.82 | 8.43 | 8.34 | 8.37 | 9.65 | 8.44 | 8.56 | 8.56 | 8.56 | 7.96 | 8.69 | 9.06 | 9.08 | 9.14 | 8.67 | 8.63 | 8.52 | 8.69 | 7.69 | 7.72 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,266,348K ÷ $332,579K
= 9.82
The fixed asset turnover of Pitney Bowes, Inc. has been relatively stable over the past eight quarters, ranging from a low of 7.83 in Q2 2023 to a high of 8.02 in Q4 2023. This indicates that the company generates, on average, between 7.83 to 8.02 in revenue for every dollar of fixed assets it holds. The consistency in the fixed asset turnover ratio suggests that Pitney Bowes is effectively utilizing its fixed assets to generate sales. It is important to note that a higher fixed asset turnover ratio generally indicates better efficiency in asset utilization and can be a positive signal for investors. Overall, the trend in Pitney Bowes' fixed asset turnover ratio reflects a solid performance in managing and utilizing its fixed assets to drive revenue generation.