PACCAR Inc (PCAR)

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	33,663,800	34,832,900	35,289,400	35,398,400	35,127,400	34,180,300	32,542,800	30,820,400	28,819,700	27,376,300	25,464,200	24,149,400	23,522,300	22,404,800	22,194,000	19,412,300	18,728,500	19,277,100	20,708,100	24,273,800
Property, plant and equipment	US$ in thousands	3,985,600	—	—	—	3,780,100	—	3,765,000	3,511,600	3,468,400	3,299,400	5,661,600	3,420,000	3,398,100	5,331,900	3,673,600	3,242,500	3,270,400	3,137,800	3,025,000	2,925,300
Fixed asset turnover		8.45	—	—	—	9.29	—	8.64	8.78	8.31	8.30	4.50	7.06	6.92	4.20	6.04	5.99	5.73	6.14	6.85	8.30

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $33,663,800K ÷ $3,985,600K
= 8.45

PACCAR Inc's fixed asset turnover ratio has shown fluctuations over the specified timeframe. The ratio indicates how efficiently the company generates sales from its investment in fixed assets.

From March 31, 2020, to June 30, 2021, the fixed asset turnover decreased steadily from 8.30 to 6.04, suggesting a potential decline in asset utilization efficiency. However, from September 30, 2021, to December 31, 2022, there was increased variability in the ratio, reaching a low of 4.20 and a high of 8.31.

The ratio improved significantly in the later quarters of 2022 and early 2023, peaking at 9.29 by December 31, 2023, indicating enhanced efficiency in utilizing fixed assets to generate sales. However, data is missing for the quarters from March 31, 2023, to June 30, 2024, possibly impacting the trend analysis.

Overall, the trend highlights a mix of both positive and negative fluctuations in PACCAR Inc's fixed asset turnover ratio, reflecting changes in the efficiency of utilizing fixed assets to generate revenue.