Xerox Corp (XRX)
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 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,457,000 | 6,579,000 | 6,656,000 | 6,783,000 | 7,029,000 | 7,162,000 | 7,264,000 | 7,275,000 | 7,228,000 | 7,131,000 | 7,170,000 | 7,234,000 | 7,299,000 | 7,375,000 | 7,384,000 | 7,080,000 | 7,189,000 | 7,720,000 | 8,175,000 |
| Property, plant and equipment | US$ in thousands | 245,000 | 255,000 | 253,000 | 257,000 | 265,000 | 257,000 | 259,000 | 250,000 | 235,000 | 216,000 | 226,000 | 254,000 | 253,000 | 254,000 | 271,000 | 277,000 | 296,000 | 401,000 | 406,000 |
| Fixed asset turnover | 26.36 | 25.80 | 26.31 | 26.39 | 26.52 | 27.87 | 28.05 | 29.10 | 30.76 | 33.01 | 31.73 | 28.48 | 28.85 | 29.04 | 27.25 | 25.56 | 24.29 | 19.25 | 20.14 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $6,457,000K ÷ $245,000K
= 26.36
Fixed asset turnover is a financial ratio that measures a company's efficiency in generating revenue from its fixed assets. For Xerox Corp, the fixed asset turnover ratio has shown a generally increasing trend from June 30, 2020, to December 31, 2022, peaking at 33.01 on September 30, 2022. This indicates that Xerox has been effectively utilizing its fixed assets to generate sales during this period.
However, there was a slight decline in the fixed asset turnover ratio beginning in December 31, 2022, and continuing through December 31, 2024. This could suggest a decrease in the company's ability to efficiently generate sales from its fixed assets during this period.
Overall, Xerox Corp's fixed asset turnover ratio has demonstrated fluctuations over the analyzed period, with a peak in efficiency in asset utilization seen mid-way through the data set. Continued monitoring of this ratio is essential to assess the company's ongoing operational efficiency in utilizing its fixed assets to drive revenue.
Peer comparison
Dec 31, 2024