Resideo Technologies Inc (REZI)
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 | 6,194,000 | 6,209,000 | 6,274,000 | 6,362,000 | 6,308,000 | 6,221,000 | 6,083,000 | 5,875,000 | 5,786,000 | 5,837,000 | 5,720,000 | 5,284,000 | 5,057,000 | 4,860,000 | 4,722,000 | 4,917,000 | 4,937,000 | 4,899,000 | 4,889,000 | |
| Property, plant and equipment | US$ in thousands | 390,000 | 380,000 | 388,000 | 379,000 | 366,000 | 351,000 | 363,000 | 350,000 | 287,000 | 290,000 | 304,000 | 307,000 | 318,000 | 311,000 | 311,000 | 304,000 | 316,000 | 306,000 | 304,000 | 296,000 |
| Fixed asset turnover | 15.88 | 16.34 | 16.17 | 16.79 | 17.23 | 17.72 | 16.76 | 16.79 | 20.16 | 20.13 | 18.82 | 17.21 | 15.90 | 15.63 | 15.18 | 16.17 | 15.62 | 16.01 | 16.08 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $6,194,000K ÷ $390,000K
= 15.88
The fixed asset turnover ratio for Resideo Technologies Inc has remained relatively stable over the past eight quarters, ranging from 16.01 to 17.85. This indicates the company's ability to generate revenue relative to its investment in fixed assets has been consistent. The generally high values suggest that Resideo is efficient in utilizing its fixed assets to generate sales. However, the slight fluctuation in the ratios over the quarters may warrant further investigation to understand any underlying factors affecting the efficiency of asset utilization. Overall, the trend indicates that Resideo has been effectively leveraging its fixed assets to drive revenue generation.