SPX Corp (SPXC)
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 | 1,711,900 | 1,685,500 | 1,617,500 | 1,553,600 | 1,460,900 | 1,381,600 | 1,296,800 | 1,239,400 | 1,219,500 | 1,217,800 | 1,291,000 | 1,362,800 | 1,440,200 | 1,536,500 | 1,537,400 | 1,536,100 | 1,509,800 | 1,510,200 | 1,507,000 | 1,893,200 |
| Property, plant and equipment | US$ in thousands | 140,000 | 135,100 | 134,700 | 110,300 | 109,200 | 107,000 | 109,600 | 110,700 | 112,300 | 108,000 | 113,000 | 186,600 | 104,300 | 187,600 | 178,100 | 176,900 | 179,100 | 177,500 | 174,800 | 178,300 |
| Fixed asset turnover | 12.23 | 12.48 | 12.01 | 14.09 | 13.38 | 12.91 | 11.83 | 11.20 | 10.86 | 11.28 | 11.42 | 7.30 | 13.81 | 8.19 | 8.63 | 8.68 | 8.43 | 8.51 | 8.62 | 10.62 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,711,900K ÷ $140,000K
= 12.23
The fixed asset turnover ratio for SPX Corp shows fluctuations over the past few quarters. The ratio indicates how efficiently the company is generating revenue from its investments in fixed assets. A higher fixed asset turnover ratio typically suggests better asset utilization.
In the most recent quarter, the fixed asset turnover ratio was 12.23, indicating that the company generated $12.23 in sales for every dollar invested in fixed assets. This was slightly lower compared to the previous quarter but still reflects a strong utilization of fixed assets.
Looking at the trend over the past few quarters, there have been fluctuations in the fixed asset turnover ratio, with some quarters showing higher ratios (e.g., 14.09 in Mar 31, 2023) and others lower ratios (e.g., 7.30 in Jun 30, 2021). The significant increase in the ratio in Mar 31, 2023, could indicate improved efficiency in asset utilization during that period.
Overall, it would be beneficial for SPX Corp to monitor and analyze the factors contributing to these fluctuations in the fixed asset turnover ratio to ensure optimal utilization of fixed assets and continued efficiency in generating revenue from these investments.
Peer comparison
Dec 31, 2023