Warner Bros Discovery Inc (WBD)

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	38,893,000	43,065,000	42,909,000	42,378,000	34,837,000	26,592,000	19,919,000	13,154,000	12,787,000	12,193,000	11,604,000	11,083,000	10,974,000	10,659,000	10,776,000	11,120,000	11,144,000	11,079,000	10,993,000	10,953,000
Property, plant and equipment	US$ in thousands	5,957,000	5,810,000	5,473,000	5,325,000	5,301,000	4,897,000	5,322,000	1,328,000	1,336,000	1,310,000	1,239,000	1,189,000	1,206,000	1,125,000	1,088,000	1,040,000	951,000	856,000	828,000	802,000
Fixed asset turnover		6.53	7.41	7.84	7.96	6.57	5.43	3.74	9.91	9.57	9.31	9.37	9.32	9.10	9.47	9.90	10.69	11.72	12.94	13.28	13.66

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $38,893,000K ÷ $5,957,000K
= 6.53

Warner Bros. Discovery Inc's fixed asset turnover has been fluctuating over the past eight quarters, ranging from 3.45 to 9.46. In Q4 2023, the fixed asset turnover was 6.94, indicating that the company generated $6.94 in revenue for every dollar invested in fixed assets during that quarter. The trend shows an overall improvement in the efficiency of utilizing fixed assets, with the ratio generally increasing over the quarters. This suggests that the company has been able to generate more revenue relative to its investment in fixed assets, which is a positive indicator of operational efficiency and asset utilization. However, it's important to delve deeper into the underlying factors and industry benchmarks to gain a more comprehensive understanding of Warner Bros. Discovery Inc's performance in this area.