Rockwell Automation Inc (ROK)
Fixed asset turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 9,203,900 | 7,500,200 | 6,930,300 | 6,216,700 | 6,630,500 |
| Property, plant and equipment | US$ in thousands | 684,200 | 586,500 | 581,900 | 574,400 | 571,900 |
| Fixed asset turnover | 13.45 | 12.79 | 11.91 | 10.82 | 11.59 |
September 30, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $9,203,900K ÷ $684,200K
= 13.45
The fixed asset turnover of Rockwell Automation Inc has shown a consistent improvement over the past five years. The ratio increased from 11.71 in 2019 to 13.24 in 2023. This indicates that the company has been able to generate more sales from its fixed assets over time, reflecting efficient utilization of these assets in generating revenue. The higher fixed asset turnover suggests that Rockwell Automation Inc has been effectively managing and deploying its fixed assets to support its sales activities. This trend indicates a positive operational performance and efficiency in the utilization of fixed assets.
Peer comparison
Sep 30, 2023