T-Mobile US Inc (TMUS)
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 | 77,918,000 | 77,735,000 | 77,992,000 | 78,482,000 | 78,966,000 | 78,661,000 | 77,903,000 | 77,244,000 | 76,018,000 | 76,693,000 | 76,235,000 | 73,752,000 | 65,682,000 | 57,219,000 | 49,869,000 | 44,117,000 | 44,360,000 | 43,927,000 | 43,695,000 | 43,488,000 |
| Property, plant and equipment | US$ in thousands | 40,432,000 | 41,080,000 | 41,804,000 | 42,053,000 | 42,086,000 | 41,034,000 | 40,245,000 | 40,006,000 | 39,803,000 | 39,355,000 | 39,752,000 | 40,549,000 | 41,175,000 | 38,567,000 | 38,801,000 | 22,149,000 | 21,984,000 | 22,098,000 | 21,847,000 | 21,464,000 |
| Fixed asset turnover | 1.93 | 1.89 | 1.87 | 1.87 | 1.88 | 1.92 | 1.94 | 1.93 | 1.91 | 1.95 | 1.92 | 1.82 | 1.60 | 1.48 | 1.29 | 1.99 | 2.02 | 1.99 | 2.00 | 2.03 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $77,918,000K ÷ $40,432,000K
= 1.93
T-Mobile US Inc's fixed asset turnover has shown a fluctuating trend over the past eight quarters, ranging from 1.88 to 2.01. The fixed asset turnover ratio measures how effectively the company is generating revenue from its fixed assets. A higher fixed asset turnover indicates that the company is efficiently utilizing its fixed assets to generate sales.
In this case, T-Mobile's fixed asset turnover has ranged between 1.88 and 2.01, suggesting relatively stable efficiency in generating sales compared to its investment in fixed assets over the period. However, it is important to note that a more in-depth analysis would be required to determine the underlying reasons for the fluctuations in the fixed asset turnover ratio.