Plexus Corp (PLXS)

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	7,183,180	7,408,040	7,611,580	7,540,780	8,274,130	7,722,450	7,163,770	6,826,830	6,806,620	6,834,190	6,966,280	6,170,144	5,153,548	4,322,097	3,287,362	4,058,528	4,895,824	5,610,985	5,571,968	4,666,883
Property, plant and equipment	US$ in thousands	459,144	492,036	438,971	428,518	410,300	444,705	393,891	388,513	376,139	395,094	380,545	379,014	381,612	383,661	380,056	381,668	387,509	384,224	381,351	373,918
Fixed asset turnover		15.64	15.06	17.34	17.60	20.17	17.37	18.19	17.57	18.10	17.30	18.31	16.28	13.50	11.27	8.65	10.63	12.63	14.60	14.61	12.48

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $7,183,180K ÷ $459,144K
= 15.64

The fixed asset turnover ratio measures how efficiently a company is generating revenue from its fixed assets. Plexus Corp's fixed asset turnover has shown some fluctuations over the past few quarters. In the most recent quarter, the fixed asset turnover was 15.64, indicating that the company generated $15.64 in revenue for every dollar invested in fixed assets. This ratio has been relatively stable in recent quarters, with slight variations noted.

A higher fixed asset turnover ratio generally indicates better asset utilization and efficiency in generating revenue from the company's fixed assets. Plexus Corp's ratio has ranged from a low of 8.65 to a high of 20.17 over the past few quarters, showing some variability in asset utilization efficiency.

Overall, Plexus Corp's fixed asset turnover ratio suggests that the company is efficiently utilizing its fixed assets to generate revenue, with some fluctuations observed over the quarters. Investors and stakeholders may want to monitor this ratio to assess the company's ongoing operational efficiency and asset utilization.