Xerox Corp (XRX)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 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 | 415,000 | 364,000 | 442,000 |
| Fixed asset turnover | 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, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $7,029,000K ÷ $265,000K
= 26.52
Xerox Holdings Corp's fixed asset turnover ratio has been relatively stable over the past 8 quarters, ranging from 11.58 to 13.32. This ratio measures how efficiently the company is utilizing its fixed assets to generate revenue. A higher fixed asset turnover ratio indicates that the company is generating more revenue per dollar of fixed assets, reflecting efficient asset utilization.
In the most recent quarter, Q4 2023, the fixed asset turnover ratio was 12.97, showing a slight decrease compared to the previous quarter. Despite this small decline, the ratio remains at a healthy level, suggesting that Xerox is effectively using its fixed assets to generate sales.
Overall, the consistent performance of Xerox's fixed asset turnover ratio indicates that the company is effectively managing its fixed assets to support its revenue generation activities. However, it is important to monitor any significant fluctuations in the ratio over time to assess the company's ongoing operational efficiency.
Peer comparison
Dec 31, 2023