Vontier Corp (VNT)
Fixed asset turnover
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,992,600 | 2,992,500 | 3,008,700 | 3,112,800 | 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 | 120,200 | 123,500 | 115,900 | 107,100 | 102,300 | 97,800 | 94,500 | 92,800 | 92,100 | 92,600 | 84,900 | 100,600 | 100,600 |
| Fixed asset turnover | 24.90 | 24.23 | 25.96 | 29.06 | 30.31 | 32.51 | 33.67 | 34.04 | 34.03 | 33.21 | 35.99 | 29.67 | 29.05 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,992,600K ÷ $120,200K
= 24.90
Vontier Corp's fixed asset turnover ratio measures how efficiently the company generates revenue from its fixed assets. A higher fixed asset turnover indicates better utilization of fixed assets to generate sales.
Analyzing the data provided, we observe that the fixed asset turnover ratio for Vontier Corp has been consistently high over the reported periods, ranging from 24.23 to 35.99. This indicates that the company efficiently generates revenue relative to its investment in fixed assets.
The trend of the fixed asset turnover ratio shows some fluctuations over time, with slight decreases and increases in different quarters. There was a peak at 35.99 on June 30, 2022, suggesting a particularly efficient utilization of fixed assets during that period. However, the ratio decreased slightly in subsequent quarters before stabilizing around the 30 mark in the most recent periods.
Overall, Vontier Corp's fixed asset turnover ratio reflects a strong ability to generate revenue from its fixed assets, demonstrating operational efficiency and effective management of its asset base.
Peer comparison
Dec 31, 2024