Qualcomm Incorporated (QCOM)
Fixed asset turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 38,962,000 | 35,820,000 | 44,200,000 | 33,566,000 | 23,531,000 |
| Property, plant and equipment | US$ in thousands | 4,665,000 | 5,042,000 | 5,168,000 | 4,559,000 | 3,711,000 |
| Fixed asset turnover | 8.35 | 7.10 | 8.55 | 7.36 | 6.34 |
September 30, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $38,962,000K ÷ $4,665,000K
= 8.35
Qualcomm Incorporated's fixed asset turnover has exhibited a positive trend over the past five years, steadily increasing from 6.34 in 2020 to 8.35 in 2024. This indicates that the company is effectively utilizing its fixed assets to generate revenue. A higher fixed asset turnover ratio suggests that Qualcomm is efficiently generating sales in relation to its investment in fixed assets. The consistent improvement in this ratio reflects the company's ability to maximize the productivity and efficiency of its fixed assets over time. Overall, Qualcomm's increasing fixed asset turnover ratio demonstrates strong operational performance and efficient asset management.
Peer comparison
Sep 30, 2024