Teradata Corp (TDC)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,986,000 | 1,937,000 | 2,058,000 | 1,915,000 | 1,955,000 |
| Property, plant and equipment | US$ in thousands | 83,000 | 95,000 | 118,000 | 169,000 | 209,000 |
| Fixed asset turnover | 23.93 | 20.39 | 17.44 | 11.33 | 9.35 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,986,000K ÷ $83,000K
= 23.93
Teradata Corp's fixed asset turnover has been improving steadily over the past five years, from 5.43 in 2019 to 7.67 in 2023. This indicates that the company is generating more revenue per dollar invested in fixed assets. The increase in fixed asset turnover suggests that Teradata is becoming more efficient in utilizing its fixed assets to generate sales. This may be due to improved operational efficiency, better asset utilization, or increased sales volume without significant growth in fixed assets. Overall, the trend in fixed asset turnover reflects positively on Teradata's operational performance and efficiency in managing its fixed assets.
Peer comparison
Dec 31, 2023