Trimble Inc (TRMB)
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 | 3,821,600 | 3,586,900 | 3,546,200 | 3,630,100 | 3,685,300 | 3,811,000 | 3,837,100 | 3,750,500 | 3,659,400 | 3,563,400 | 3,454,800 | 3,244,700 | 3,152,000 | 3,148,700 | 3,140,200 | 3,260,800 | 3,271,300 | 3,253,700 | 3,264,600 | 3,172,700 |
| Property, plant and equipment | US$ in thousands | 202,500 | 203,700 | 224,000 | 215,100 | 219,000 | 221,000 | 228,500 | 235,000 | 233,200 | 228,500 | 229,300 | 251,600 | 251,800 | 251,600 | 249,800 | 244,800 | 241,400 | 229,000 | 214,100 | 212,800 |
| Fixed asset turnover | 18.87 | 17.61 | 15.83 | 16.88 | 16.83 | 17.24 | 16.79 | 15.96 | 15.69 | 15.59 | 15.07 | 12.90 | 12.52 | 12.51 | 12.57 | 13.32 | 13.55 | 14.21 | 15.25 | 14.91 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,821,600K ÷ $202,500K
= 18.87
The fixed asset turnover ratio for Trimble Inc has shown fluctuating trends over the past few years, indicating varying efficiency in utilizing fixed assets to generate revenue. The ratio has generally been above 12, indicating that Trimble Inc has been able to generate significant revenue relative to its investment in fixed assets.
A notable increase in the fixed asset turnover ratio was observed in the most recent quarter, reaching 18.87, which may suggest improved efficiency in using fixed assets to generate revenue. However, this increase should be further monitored to determine if it is a sustainable trend or a one-time occurrence.
Overall, Trimble Inc's fixed asset turnover ratio has shown some volatility but has generally remained at a healthy level, reflecting a reasonable level of asset utilization efficiency. Further analysis and comparison with industry peers can provide more insights into the company's performance in this aspect.
Peer comparison
Dec 31, 2023