NCR Voyix Corporation (VYX)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,826,000 | 3,830,000 | 7,844,000 | 7,156,000 | 6,207,000 |
| Property, plant and equipment | US$ in thousands | — | — | 1,034,000 | 1,122,000 | 717,000 |
| Fixed asset turnover | — | — | 7.59 | 6.38 | 8.66 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,826,000K ÷ $—K
= —
The fixed asset turnover ratio of NCR Voyix Corporation has shown fluctuation over the past few years. In 2020, the ratio stood at 8.66, indicating that the company generated $8.66 in sales for each dollar invested in fixed assets. However, by the end of 2021, this ratio decreased to 6.38, suggesting a decrease in the efficiency of utilizing fixed assets to generate revenue.
Subsequently, in 2022, the fixed asset turnover ratio improved to 7.59, indicating a better performance in generating sales from fixed assets compared to the previous year. Unfortunately, the data for 2023 and 2024 is unavailable (represented by "—"), making it challenging to assess the trend further.
Overall, NCR Voyix Corporation should aim to consistently monitor and improve its fixed asset turnover ratio to ensure optimal utilization of fixed assets in generating sales and maximizing efficiency in the business operations.