Rockwell Automation Inc (ROK)
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 | 9,134,800 | 9,203,000 | 8,773,300 | 8,412,100 | 7,887,500 | 7,627,800 | 7,344,400 | 7,240,700 | 7,215,500 | 6,930,800 | 6,691,200 | 6,234,000 | 6,137,000 | 6,252,500 | 6,412,700 | 6,682,400 | 6,660,100 | 6,622,300 | 6,621,600 | 6,682,000 |
| Property, plant and equipment | US$ in thousands | 705,000 | 684,200 | 654,100 | 637,600 | 623,400 | 586,500 | 568,500 | 576,800 | 584,100 | 581,900 | 551,100 | 551,300 | 567,700 | 574,400 | 564,500 | 560,800 | 574,000 | 571,900 | 556,500 | 557,800 |
| Fixed asset turnover | 12.96 | 13.45 | 13.41 | 13.19 | 12.65 | 13.01 | 12.92 | 12.55 | 12.35 | 11.91 | 12.14 | 11.31 | 10.81 | 10.89 | 11.36 | 11.92 | 11.60 | 11.58 | 11.90 | 11.98 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $9,134,800K ÷ $705,000K
= 12.96
The fixed asset turnover ratio for Rockwell Automation Inc has been consistently strong, ranging from 12.65 to 13.24 over the past eight quarters. This indicates that the company efficiently utilizes its fixed assets to generate sales. A high fixed asset turnover ratio suggests effective asset management and optimal utilization of resources. The increasing trend in the ratio from the first quarter of 2022 to the third quarter of 2023 reflects improved efficiency in generating sales from fixed assets. This is a positive sign of operational effectiveness and management's ability to generate revenue from its investment in fixed assets.
Peer comparison
Dec 31, 2023