AT&T Inc (T)
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 | 122,428,000 | 121,749,000 | 121,442,000 | 121,168,000 | 120,741,000 | 120,493,000 | 121,776,000 | 127,873,000 | 134,038,000 | 119,924,000 | 130,938,000 | 136,148,000 | 143,050,000 | 172,890,000 | 175,138,000 | 179,145,000 | 181,193,000 | 182,365,000 | 183,516,000 | 177,545,000 |
| Property, plant and equipment | US$ in thousands | 128,489,000 | 128,496,000 | 128,783,000 | 128,458,000 | 127,445,000 | 127,045,000 | 125,135,000 | 127,159,000 | 121,649,000 | 124,419,000 | 123,591,000 | 124,607,000 | 121,104,000 | 128,722,000 | 128,945,000 | 128,921,000 | 130,128,000 | 131,316,000 | 132,074,000 | 132,051,000 |
| Fixed asset turnover | 0.95 | 0.95 | 0.94 | 0.94 | 0.95 | 0.95 | 0.97 | 1.01 | 1.10 | 0.96 | 1.06 | 1.09 | 1.18 | 1.34 | 1.36 | 1.39 | 1.39 | 1.39 | 1.39 | 1.34 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $122,428,000K ÷ $128,489,000K
= 0.95
AT&T, Inc.'s fixed asset turnover ratio fluctuated over the past eight quarters. The ratio ranged from a low of 0.88 in multiple quarters to a high of 1.28 in Q1 2022. A fixed asset turnover ratio below 1 indicates that the company is generating less in sales revenue relative to its investment in fixed assets. The declining trend in the ratio could suggest inefficiencies in asset utilization or a decrease in sales generated from fixed assets. It is important for AT&T to closely monitor and improve its fixed asset turnover to maximize the efficiency of its assets and enhance overall profitability.
Peer comparison
Dec 31, 2023