Rockwell Automation Inc (ROK)
Fixed asset turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 8,264,600 | 9,203,900 | 7,500,200 | 6,930,300 | 6,216,700 |
| Property, plant and equipment | US$ in thousands | 776,700 | 684,200 | 586,500 | 581,900 | 574,400 |
| Fixed asset turnover | 10.64 | 13.45 | 12.79 | 11.91 | 10.82 |
September 30, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $8,264,600K ÷ $776,700K
= 10.64
Rockwell Automation Inc's fixed asset turnover has shown a consistent trend over the past five years, ranging from 10.64 to 13.45. This ratio measures the efficiency of the company in generating revenue from its investment in fixed assets. A higher fixed asset turnover indicates that the company is effectively utilizing its fixed assets to generate sales.
The decreasing trend from 2019 to 2020 could be a concern, as it suggests a lower efficiency in utilizing fixed assets to generate revenue during that period. However, the subsequent years show an improvement in the fixed asset turnover, indicating that the company was able to enhance its operational efficiency and generate more revenue from its fixed assets.
Overall, Rockwell Automation Inc's fixed asset turnover has remained at levels indicating efficient utilization of its fixed assets in generating sales, which is a positive indicator of the company's operational performance. It is important for the company to continue monitoring and optimizing its asset utilization to sustain and improve its operational efficiency in the future.
Peer comparison
Sep 30, 2024