Plexus Corp (PLXS)

Fixed asset turnover

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Revenue	US$ in thousands	8,496,620	7,722,450	6,834,190	6,875,610	6,448,530
Property, plant and equipment	US$ in thousands	492,036	444,705	395,094	383,661	384,224
Fixed asset turnover		17.27	17.37	17.30	17.92	16.78

September 30, 2023 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $8,496,620K ÷ $492,036K
= 17.27

The fixed asset turnover ratio measures the efficiency of a company in generating sales from its investment in fixed assets. Plexus Corp. has maintained a consistent range of fixed asset turnover over the past five years, with values ranging from 8.24 to 8.84. This indicates that Plexus Corp. has been quite effective in utilizing its fixed assets to generate sales revenue. The slight fluctuations in the ratio from year to year suggest that the company has been able to maintain a relatively stable level of sales in relation to its investment in fixed assets. Overall, the fixed asset turnover ratio indicates that Plexus Corp. has efficiently utilized its fixed assets to drive sales over the past five years.