Telephone and Data Systems Inc (TDS)
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 | 5,160,000 | 5,205,000 | 5,319,000 | 5,401,000 | 5,413,000 | 5,428,000 | 5,364,000 | 5,326,000 | 5,329,000 | 5,333,000 | 5,329,000 | 5,281,000 | 5,224,000 | 5,184,000 | 5,181,000 | 5,179,000 | 5,175,000 | 5,171,000 | 5,147,000 | 5,141,000 |
| Property, plant and equipment | US$ in thousands | 5,062,000 | 4,998,000 | 4,932,000 | 4,872,000 | 4,760,000 | 4,647,000 | 4,553,000 | 4,385,000 | 4,361,000 | 4,108,000 | 3,972,000 | 3,951,000 | 3,972,000 | 3,727,000 | 3,615,000 | 3,595,000 | 3,527,000 | 3,353,000 | 3,318,000 | 3,282,000 |
| Fixed asset turnover | 1.02 | 1.04 | 1.08 | 1.11 | 1.14 | 1.17 | 1.18 | 1.21 | 1.22 | 1.30 | 1.34 | 1.34 | 1.32 | 1.39 | 1.43 | 1.44 | 1.47 | 1.54 | 1.55 | 1.57 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,160,000K ÷ $5,062,000K
= 1.02
Telephone And Data Systems, Inc. has shown a gradual decline in fixed asset turnover over the past eight quarters. The fixed asset turnover ratio, which measures how efficiently the company is generating revenue from its fixed assets, decreased from 1.21 in Q1 2022 to 1.02 in Q4 2023. This suggests that the company may not be utilizing its fixed assets as effectively to generate sales in recent quarters. It is important for the company to assess its asset utilization efficiency and take steps to improve the management and utilization of its fixed assets to enhance financial performance.
Peer comparison
Dec 31, 2023