Teledyne Technologies Incorporated (TDY)

Fixed asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	5,669,300	5,592,000	5,551,000	5,601,600	5,635,500	5,628,700	5,589,800	5,520,900	5,458,600	5,416,100	5,364,400	5,129,600	4,614,300	4,047,900	3,485,000	3,107,300	3,086,200	3,111,100	3,164,300	3,203,000
Property, plant and equipment	US$ in thousands	—	—	—	—	—	754,100	766,000	765,300	769,800	747,900	774,200	807,300	827,500	858,100	873,000	604,100	489,300	475,700	475,400	475,500
Fixed asset turnover		—	—	—	—	—	7.46	7.30	7.21	7.09	7.24	6.93	6.35	5.58	4.72	3.99	5.14	6.31	6.54	6.66	6.74

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,669,300K ÷ $—K
= —

The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate revenue. A higher ratio indicates better utilization of fixed assets.

Looking at the data provided for Teledyne Technologies Incorporated, we observed a consistent and strong trend in the fixed asset turnover ratio from March 31, 2020, to September 30, 2023, with ratio values increasing steadily from 6.74 to 7.46. This indicates that the company was effectively utilizing its fixed assets to generate revenue during this period.

However, in the later period from December 31, 2023, to June 30, 2024, the data is missing (\u2014). This missing data may indicate an incomplete or unavailable financial information for that period, making it challenging to assess the company's efficiency in utilizing fixed assets during this timeframe.

Overall, the trend in Teledyne Technologies Incorporated's fixed asset turnover ratio demonstrates a positive pattern of increasing efficiency in asset utilization up to September 30, 2023, but the lack of data for the later period makes it difficult to provide a comprehensive analysis for the entire observation period.