Käyttöomaisuuskerroin

Käyttöomaisuuskerroin, known in English as the fixed asset turnover ratio, is a financial metric used to assess how efficiently a company utilizes its fixed assets, such as property, plant, and equipment, to generate sales revenue. It is calculated by dividing net sales by the average net value of fixed assets over a specific period, typically a fiscal year.

The formula for the käyttöomaisuuskerroin is: Net Sales / Average Net Fixed Assets. Average net fixed assets are usually determined by adding the net book value of fixed assets at the beginning of the period to the net book value at the end of the period and dividing the sum by two.

A higher käyttöomaisuuskerroin generally indicates that a company is effectively using its fixed assets to produce revenue. This suggests strong operational efficiency and good asset management. Conversely, a low ratio might signal underutilization of assets, potential obsolescence of equipment, or inefficient production processes.

This ratio is particularly relevant for capital-intensive industries where fixed assets represent a significant portion of a company's total assets. For example, manufacturing companies, airlines, and utility providers would closely monitor their käyttöomaisuuskerroin. Comparing this ratio over time for the same company can reveal trends in asset utilization. It is also useful to compare the ratio to industry averages to gauge a company's performance relative to its peers. However, it's important to note that different industries have varying asset intensities, so direct comparisons between unrelated sectors may not be meaningful.