Teledyne Technologies Incorporated (TDY)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	5,670,000	5,635,500	5,458,600	4,614,300	3,086,200
Property, plant and equipment	US$ in thousands	—	—	769,800	827,500	489,300
Fixed asset turnover		—	—	7.09	5.58	6.31

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $5,670,000K ÷ $—K
= —

The fixed asset turnover of Teledyne Technologies Incorporated has shown fluctuation over the past few years. In 2020, the ratio was 6.31, indicating that the company generated $6.31 in revenue for every dollar invested in fixed assets. It decreased to 5.58 in 2021, suggesting a less efficient utilization of fixed assets compared to the previous year. However, the ratio improved significantly in 2022 to 7.09, reflecting a more effective utilization of fixed assets to generate revenue.

The absence of data for 2023 and 2024 indicates that the fixed asset turnover for those years is not available. However, it is important to note that a higher fixed asset turnover ratio generally signifies better asset utilization efficiency, indicating that the company is effectively generating revenue from its fixed assets. Overall, fluctuations in the fixed asset turnover ratio for Teledyne Technologies Incorporated should be further analyzed in conjunction with other financial metrics to assess the company's operational performance and efficiency in the utilization of its fixed assets.