PHINIA Inc. (PHIN)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Mar 31, 2024 | ||
|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,445,000 | 3,494,000 | 3,542,000 |
| Property, plant and equipment | US$ in thousands | 843,000 | 882,000 | 888,000 |
| Fixed asset turnover | 4.09 | 3.96 | 3.99 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,445,000K ÷ $843,000K
= 4.09
The fixed asset turnover ratio for PHINIA Inc. has shown a stable and positive trend over the year 2024. The ratio increased from 3.99 as of March 31, 2024, to 4.09 by December 31, 2024, indicating that the company generated $4.09 in revenue for every dollar invested in fixed assets. This improvement suggests that the company is utilizing its fixed assets more efficiently to generate sales, which is a positive sign of operational performance. Despite a slight decrease to 3.96 in September 30, 2024, the overall trend indicates effective management of fixed assets to drive revenue growth. This higher turnover ratio reflects the company's ability to optimize its asset base and indicates a healthy operational performance in utilizing fixed assets to generate sales revenue efficiently.
Peer comparison
Dec 31, 2024