Tetra Tech Inc (TTEK)
Fixed asset turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,179,210 | 5,065,350 | 4,915,110 | 4,831,610 | 4,507,686 | 4,149,638 | 3,845,789 | 3,540,303 | 3,504,047 | 3,493,497 | 3,402,183 | 3,301,410 | 3,205,014 | 3,067,366 | 2,979,729 | 2,958,931 | 2,992,562 | 3,079,700 | 3,194,213 | 3,185,661 |
| Property, plant and equipment | US$ in thousands | 73,065 | 70,694 | 72,897 | 74,971 | 74,832 | 81,321 | 76,586 | 34,890 | 32,316 | 35,010 | 36,715 | 35,428 | 37,733 | 36,001 | 37,423 | 35,141 | 35,507 | 35,398 | 35,486 | 40,438 |
| Fixed asset turnover | 70.88 | 71.65 | 67.43 | 64.45 | 60.24 | 51.03 | 50.22 | 101.47 | 108.43 | 99.79 | 92.66 | 93.19 | 84.94 | 85.20 | 79.62 | 84.20 | 84.28 | 87.00 | 90.01 | 78.78 |
September 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,179,210K ÷ $73,065K
= 70.88
Fixed asset turnover is a financial ratio that measures a company's ability to generate net sales from its fixed assets. It indicates how efficiently a company is utilizing its fixed assets to generate revenue. A higher fixed asset turnover ratio implies better utilization of fixed assets.
Analyzing Tetra Tech Inc's fixed asset turnover ratio over the provided periods shows fluctuations in the company's efficiency in generating revenue from its fixed assets. The ratio peaked at 108.43 in the Sep 30, 2022 period, suggesting exceptional efficiency in utilizing fixed assets to generate sales revenue. This was followed by a significant decline, with a low of 50.22 in the Mar 31, 2023 period.
Overall, the trend in Tetra Tech Inc's fixed asset turnover ratio indicates variability in the company's efficiency in generating sales from fixed assets over the analyzed periods. Further examination of the company's financial performance and operational efficiency is necessary to understand the driving factors behind these fluctuations.
Peer comparison
Sep 30, 2024