Visteon Corp (VC)
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 | 3,954,000 | 4,022,000 | 4,036,000 | 3,902,000 | 3,756,000 | 3,478,000 | 3,083,000 | 2,846,000 | 2,774,000 | 2,768,000 | 2,886,000 | 2,649,000 | 2,548,000 | 2,505,000 | 2,489,000 | 2,851,000 | 2,945,000 | 2,932,000 | 2,882,000 | 2,907,000 |
| Property, plant and equipment | US$ in thousands | 418,000 | 377,000 | 367,000 | 365,000 | 364,000 | 336,000 | 348,000 | 374,000 | 388,000 | 393,000 | 410,000 | 414,000 | 436,000 | 418,000 | 416,000 | 420,000 | 436,000 | 410,000 | 414,000 | 406,000 |
| Fixed asset turnover | 9.46 | 10.67 | 11.00 | 10.69 | 10.32 | 10.35 | 8.86 | 7.61 | 7.15 | 7.04 | 7.04 | 6.40 | 5.84 | 5.99 | 5.98 | 6.79 | 6.75 | 7.15 | 6.96 | 7.16 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,954,000K ÷ $418,000K
= 9.46
The fixed asset turnover ratio measures the efficiency with which Visteon Corp. utilizes its fixed assets to generate sales. A higher fixed asset turnover ratio indicates that the company is generating more revenue per dollar of fixed assets.
Based on the data provided:
- The fixed asset turnover ratio has been fluctuating over the quarters, ranging from a low of 7.61 in Q1 2022 to a high of 11.01 in Q2 2023.
- The trend shows an overall increase in the ratio from Q1 2022 to Q2 2023, with occasional fluctuations.
- The company's fixed asset turnover peaked at 11.01 in Q2 2023, indicating an efficient use of fixed assets to generate sales during that period.
- In general, Visteon Corp. has been effectively utilizing its fixed assets to generate revenue, as evidenced by the consistently high fixed asset turnover ratios in recent quarters.
Overall, the trend in Visteon Corp.'s fixed asset turnover suggests that the company has been maximizing the productivity of its fixed assets in generating sales, which is a positive indicator of operational efficiency.
Peer comparison
Dec 31, 2023