TE Connectivity Ltd (TEL)
Fixed asset turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 15,845,000 | 15,954,000 | 16,215,000 | 14,867,000 | 12,124,000 |
| Property, plant and equipment | US$ in thousands | 3,903,000 | 3,754,000 | 3,567,000 | 3,778,000 | 3,650,000 |
| Fixed asset turnover | 4.06 | 4.25 | 4.55 | 3.94 | 3.32 |
September 30, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $15,845,000K ÷ $3,903,000K
= 4.06
TE Connectivity Ltd's fixed asset turnover has shown a fluctuating trend over the past five years. The ratio decreased from 3.32 in 2020 to 3.94 in 2021, before increasing to 4.55 in 2022. However, in the most recent year, ending in September 2024, the fixed asset turnover ratio decreased to 4.06. This indicates that the company generated $4.06 in sales for every dollar of fixed assets in 2024. While the ratio has slightly decreased compared to the previous year, TE Connectivity Ltd's ability to generate sales from its fixed assets remains relatively strong, indicating efficient utilization of fixed assets in generating revenue.
Peer comparison
Sep 30, 2024