Name: Fixed Asset Turnover

Definition: Fixed asset turnover shows how well the company’s long-term physical assets — factories, equipment, property — are being used to generate sales. A high ratio means the company’s facilities are productive and efficient. A low ratio might signal underused assets or over-investment in equipment that isn’t driving enough sales.

Interpretation:
• In '2020', VIOT's fixed asset turnover was 62.66, illustrating how efficiently fixed assets are generating revenue. Industry average for Consumer Electronics/Appliances in '2020' stood at 0.24.
• In '2021', VIOT's fixed asset turnover was 41.21, illustrating how efficiently fixed assets are generating revenue. The decline from '2020' may indicate some operational or financial challenges. Industry average for Consumer Electronics/Appliances in '2021' stood at 4.00. Industry average increased by 3.77 compared to previous year.
• In '2022', VIOT's fixed asset turnover was 15.56, illustrating how efficiently fixed assets are generating revenue. The decline from '2021' may indicate some operational or financial challenges. Industry average for Consumer Electronics/Appliances in '2022' stood at 3.92. Industry average declined by 0.08 from previous year.
• In '2023', VIOT's fixed asset turnover was 8.32, illustrating how efficiently fixed assets are generating revenue. The decline from '2022' may indicate some operational or financial challenges. Industry average for Consumer Electronics/Appliances in '2023' stood at 4.07. Industry average increased by 0.15 compared to previous year.
Overall, VIOT's fixed asset turnover has been volatile but showed a downward trend over the past 4 years.

Formula: Fixed Asset Turnover = Net Sales / Net Fixed Assets

Good Range: Ranges from 1 to 5 depending on asset intensity.