Trimble Inc (TRMB)
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 | 3,683,300 | 3,632,300 | 3,713,800 | 3,836,600 | 3,798,700 | 3,722,800 | 3,650,400 | 3,598,000 | 3,676,300 | 3,745,800 | 3,762,300 | 3,766,300 | 3,659,100 | 3,562,800 | 3,453,500 | 3,241,900 | 3,147,700 | 3,142,000 | 3,133,800 | 3,255,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 224,000 | 215,100 | 219,000 | 221,000 | 228,500 | 235,000 | 374,200 | 375,600 | 343,700 | 251,600 | 251,800 | 251,600 | 249,800 | 244,800 |
| Fixed asset turnover | — | — | — | — | — | — | 16.30 | 16.73 | 16.79 | 16.95 | 16.47 | 16.03 | 9.78 | 9.49 | 10.05 | 12.89 | 12.50 | 12.49 | 12.55 | 13.30 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,683,300K ÷ $—K
= —
Fixed asset turnover measures the efficiency of Trimble Inc in utilizing its fixed assets to generate revenue. The trend of the fixed asset turnover ratio over the reported periods shows a fluctuating pattern.
The ratio was relatively high at the beginning of the observation period, reaching a peak of 16.95 on September 30, 2022. This indicates that Trimble was generating a significant amount of revenue relative to its investment in fixed assets during that period.
However, the ratio started to decline from that point onwards, dropping to 16.30 on June 30, 2023. The decrease continued in the subsequent periods, with the ratio reaching 9.78 by December 31, 2021.
The sharp decline in the fixed asset turnover ratio suggests that Trimble may not be efficiently utilizing its fixed assets to generate revenue in the later periods. This could indicate potential operational inefficiencies or underperformance in revenue generation relative to the level of investment in fixed assets.
Further analysis would be required to understand the factors contributing to this trend and to assess whether Trimble needs to optimize its asset utilization strategies to improve its overall operational efficiency and financial performance.
Peer comparison
Dec 31, 2024