Science Applications International Corporation Common Stock (SAIC)
Fixed asset turnover
| Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,569,000 | 7,585,000 | 7,310,000 | 6,966,000 | 6,292,000 |
| Property, plant and equipment | US$ in thousands | 91,000 | 92,000 | 100,000 | 108,000 | 91,000 |
| Fixed asset turnover | 83.18 | 82.45 | 73.10 | 64.50 | 69.14 |
February 2, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $7,569,000K ÷ $91,000K
= 83.18
The fixed asset turnover ratio for Science Applications International Corporation Common Stock has shown a generally upward trend over the past five years, indicating an improvement in the company's efficiency in generating revenue from its fixed assets. The ratio increased from 69.14 in January 2020 to 83.18 in February 2024, showcasing a consistent growth in the utilization of fixed assets to generate sales.
A high fixed asset turnover ratio suggests that the company is effectively utilizing its fixed assets to generate revenue. This could indicate efficient operations, effective asset management, and potentially strong market demand for the company's products or services. It also implies that the company is able to generate more sales for each dollar invested in fixed assets.
Overall, the increasing trend in the fixed asset turnover ratio for Science Applications International Corporation Common Stock is a positive signal for investors and indicates a potentially strong operational performance in terms of asset utilization and revenue generation.
Peer comparison
Feb 2, 2024