Teledyne Technologies Incorporated (TDY)

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	5,580,800	5,567,100	5,524,600	5,464,500	5,379,900	5,336,400	5,282,900	5,038,800	4,510,100	3,987,200	3,444,000	3,083,800	3,094,300	3,099,200	3,151,000	3,188,000	3,147,300	3,061,500	2,984,100	2,940,000
Property, plant and equipment	US$ in thousands	777,000	1,686,200	1,671,100	1,641,500	769,800	1,573,500	1,593,100	1,610,700	827,500	858,100	873,000	484,700	489,300	475,700	475,400	475,500	487,900	468,200	450,900	450,700
Fixed asset turnover		7.18	3.30	3.31	3.33	6.99	3.39	3.32	3.13	5.45	4.65	3.95	6.36	6.32	6.52	6.63	6.70	6.45	6.54	6.62	6.52

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,580,800K ÷ $777,000K
= 7.18

The fixed asset turnover ratio for Teledyne Technologies Inc has shown relatively consistent performance over the past eight quarters, ranging between 6.35 and 7.46. This ratio measures how efficiently the company generates sales from its fixed assets. A higher fixed asset turnover ratio indicates that the company is effectively utilizing its fixed assets to generate revenue.

Based on the data provided, we can observe that Teledyne Technologies Inc has maintained a healthy fixed asset turnover ratio, averaging around 7.10 over the period. This suggests that the company has been successful in efficiently utilizing its fixed assets to drive sales, which is a positive indicator of operational efficiency and asset management.

It is worth noting that while the fixed asset turnover has been relatively stable, any significant deviations from the average ratio in the future could indicate changes in the company's operational efficiency or asset utilization. Overall, the consistent performance of the fixed asset turnover ratio reflects Teledyne Technologies Inc's effective management of its fixed assets to generate revenue.