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


See also:

AT&T Inc Net Fixed Asset Turnover (Quarterly Data)