NCR Voyix Corporation (VYX)
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 | 6,589,000 | 7,570,000 | 7,531,000 | 7,566,000 | 7,558,000 | 7,865,000 | 7,767,000 | 7,454,000 | 7,156,000 | 6,536,000 | 6,332,000 | 6,203,000 | 6,207,000 | 6,462,000 | 6,656,000 | 6,882,000 | 6,915,000 | 6,830,000 | 6,597,000 | 6,424,000 |
| Property, plant and equipment | US$ in thousands | 212,000 | 692,000 | 677,000 | 681,000 | 227,000 | 620,000 | 640,000 | 680,000 | 703,000 | 683,000 | 676,000 | 364,000 | 373,000 | 384,000 | 394,000 | 399,000 | 413,000 | 382,000 | 372,000 | 373,000 |
| Fixed asset turnover | 31.08 | 10.94 | 11.12 | 11.11 | 33.30 | 12.69 | 12.14 | 10.96 | 10.18 | 9.57 | 9.37 | 17.04 | 16.64 | 16.83 | 16.89 | 17.25 | 16.74 | 17.88 | 17.73 | 17.22 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $6,589,000K ÷ $212,000K
= 31.08
The fixed asset turnover ratio for NCR Voyix Corporation has shown fluctuating trends over the analyzed period. The ratio measures how efficiently the company is using its fixed assets to generate revenue. A higher fixed asset turnover indicates that the company is generating more revenue per dollar invested in fixed assets.
In the most recent quarter, ending December 31, 2023, the fixed asset turnover ratio was exceptionally high at 31.08, reflecting a significant increase in revenue generation relative to fixed asset utilization. This could be due to improved asset management practices or increased operational efficiency.
Looking at the overall trend, the fixed asset turnover ratio experienced peaks and troughs throughout the analyzed period, with some quarters showing higher efficiency in utilizing fixed assets for revenue generation compared to others. For example, the ratio spiked in December 2022 at 33.30 before dropping in subsequent quarters.
Overall, it is important for NCR Voyix Corporation to strive for a consistent and optimal level of fixed asset turnover to ensure that its fixed assets are efficiently utilized to drive revenue and profitability. Management should continue monitoring and analyzing this ratio to make informed decisions regarding asset utilization and operational efficiency.