Xerox Corp (XRX)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,524,000 | 7,035,000 | 7,251,000 | 7,296,000 | 7,264,000 |
| Property, plant and equipment | US$ in thousands | 245,000 | 265,000 | 235,000 | 253,000 | 296,000 |
| Fixed asset turnover | 26.63 | 26.55 | 30.86 | 28.84 | 24.54 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $6,524,000K ÷ $245,000K
= 26.63
The fixed asset turnover ratio for Xerox Corp has shown a consistent improvement over the years, increasing from 24.54 in December 31, 2020 to 28.84 in December 31, 2021, and further to 30.86 in December 31, 2022. This indicates that the company is generating more revenue relative to its investment in fixed assets, reflecting better asset utilization efficiency. However, there was a slight decrease in the ratio to 26.55 in December 31, 2023, followed by a marginal increase to 26.63 in December 31, 2024. Overall, the trend suggests that Xerox Corp has been effectively leveraging its fixed assets to drive sales, albeit with some fluctuations in recent years.
Peer comparison
Dec 31, 2024