Plexus Corp (PLXS)

Fixed asset turnover

		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	Dec 31, 2019
Revenue (ttm)	US$ in thousands	8,027,970	7,967,250	8,076,800	8,280,050	8,504,910	8,708,450	8,637,650	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
Property, plant and equipment	US$ in thousands	501,112	452,384	455,495	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
Fixed asset turnover		16.02	17.61	17.73	18.03	17.29	19.84	20.16	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

September 30, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $8,027,970K ÷ $501,112K
= 16.02

The fixed asset turnover ratio of Plexus Corp has shown varying trends over the past several quarters. The ratio peaked at 20.17 in the March 31, 2023 quarter, indicating that the company generated $20.17 in revenue for every dollar invested in fixed assets during that period. This suggests that Plexus was utilizing its fixed assets efficiently to generate sales.

Subsequently, the ratio experienced a slight decline in the following quarters but remained relatively high, indicating continued efficiency in utilizing fixed assets to generate revenue.

In the most recent quarter, ending September 30, 2024, the fixed asset turnover ratio stood at 16.02, which is still relatively high compared to historical levels. This suggests that Plexus Corp continues to efficiently generate revenue from its investment in fixed assets.

Overall, a high and stable fixed asset turnover ratio is a positive sign for Plexus Corp, as it indicates effective management of its fixed assets to drive revenue generation. Continued monitoring of this ratio will be important to ensure that the company maintains its efficient utilization of fixed assets in the future.