Vontier Corp (VNT)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,100,500 | 3,179,200 | 3,181,800 | 3,158,900 | 3,134,400 | 3,074,800 | 3,055,300 | 2,985,100 | 2,922,900 | |||
| Property, plant and equipment | US$ in thousands | 102,300 | 97,800 | 94,500 | 92,800 | 92,100 | 92,600 | 84,900 | 100,600 | 100,600 | 100,000 | 96,600 | 98,100 |
| Fixed asset turnover | 30.31 | 32.51 | 33.67 | 34.04 | 34.03 | 33.21 | 35.99 | 29.67 | 29.05 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,100,500K ÷ $102,300K
= 30.31
The fixed asset turnover ratio for Vontier Corporation has been fluctuating over the past eight quarters. The ratio measures how efficiently the company is generating revenue from its fixed assets.
In Q4 2023, the fixed asset turnover ratio was 30.26, showing a decrease from the previous quarter. However, it is still relatively high compared to the same quarter in the previous year (Q4 2022).
The trend from Q1 2022 to Q3 2023 shows an overall stability and slight improvement in the company's ability to utilize its fixed assets to generate revenue. Q2 2022 and Q1 2023 had the highest fixed asset turnover ratios during this period, indicating the company's efficient use of its fixed assets to generate sales.
Despite some fluctuations in the ratio, Vontier Corporation has generally maintained a healthy fixed asset turnover ratio, reflecting efficient management of its fixed assets to drive revenue growth. It is important for the company to continue monitoring and improving this ratio to ensure optimal utilization of its fixed assets for future growth and profitability.
Peer comparison
Dec 31, 2023