Qualcomm Incorporated (QCOM)
Fixed asset turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 35,820,000 | 44,200,000 | 33,566,000 | 23,531,000 | 24,273,000 |
| Property, plant and equipment | US$ in thousands | 5,042,000 | 5,168,000 | 4,559,000 | 3,711,000 | 3,081,000 |
| Fixed asset turnover | 7.10 | 8.55 | 7.36 | 6.34 | 7.88 |
September 30, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $35,820,000K ÷ $5,042,000K
= 7.10
Qualcomm Incorporated's fixed asset turnover has shown some variability over the past five years. The ratio indicates how efficiently the company is utilizing its fixed assets to generate revenue. A higher fixed asset turnover generally suggests better asset utilization.
Qualcomm's fixed asset turnover has been fluctuating, with a high of 8.55 in 2022 and a low of 6.34 in 2020. In 2023, the ratio stands at 7.10, showing a slight decrease from the previous year. This may indicate that Qualcomm's fixed assets are generating less revenue compared to the previous year.
Overall, Qualcomm's fixed asset turnover has shown some volatility, which could be attributed to changes in business operations, investment in new assets, or shifts in revenue generation. Further analysis would be needed to understand the specific reasons behind these fluctuations and to assess the company's overall efficiency in utilizing its fixed assets.
Peer comparison
Sep 30, 2023