ACI Worldwide Inc (ACIW)

Fixed asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	1,388,310	2,841,610	2,707,660	2,543,780	2,465,550
Property, plant and equipment	US$ in thousands	37,856	52,499	63,050	64,734	70,380
Fixed asset turnover		36.67	54.13	42.94	39.30	35.03

December 31, 2023 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,388,310K ÷ $37,856K
= 36.67

The fixed asset turnover ratio for ACI Worldwide Inc has demonstrated a consistent upward trend over the past five years, indicating an improvement in the efficiency with which the company is utilizing its fixed assets to generate revenue. The ratio increased from 17.88 in 2019 to 38.37 in 2023, reflecting a significant enhancement in asset productivity.

A higher fixed asset turnover ratio suggests that ACI Worldwide Inc is generating more revenue per dollar invested in fixed assets, which is a positive indicator of operational efficiency and profitability. This improvement may result from various factors such as better asset utilization, effective asset management strategies, and increased sales volume.

Overall, the upward trend in the fixed asset turnover ratio for ACI Worldwide Inc signifies the company's ability to generate more revenue from its fixed assets, contributing to its financial performance and long-term sustainability.