Visteon Corp (VC)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,954,000 | 3,756,000 | 2,773,000 | 2,548,000 | 2,945,000 |
| Property, plant and equipment | US$ in thousands | 418,000 | 364,000 | 388,000 | 436,000 | 436,000 |
| Fixed asset turnover | 9.46 | 10.32 | 7.15 | 5.84 | 6.75 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,954,000K ÷ $418,000K
= 9.46
Visteon Corp.'s fixed asset turnover ratio has varied over the past five years. In 2023, the fixed asset turnover ratio was 9.46, indicating that the company generated $9.46 in sales for every $1 invested in fixed assets. This represents a decrease from the previous year where the ratio was 10.32, signaling a more efficient utilization of fixed assets in generating revenue.
In 2021 and 2020, the fixed asset turnover ratios were 7.15 and 5.84, respectively, showing a decline in efficiency compared to the more recent years. However, there was a notable improvement from 2019 when the ratio was 6.75.
Overall, the trend in Visteon Corp.'s fixed asset turnover suggests some fluctuations in the efficiency of its fixed asset utilization over the years. It is important for the company to continue monitoring and managing its fixed asset turnover to ensure optimal performance and profitability.
Peer comparison
Dec 31, 2023