ACI Worldwide Inc (ACIW)

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	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	1,388,308	2,788,703	2,737,283	2,762,101	2,803,157	2,771,567	2,784,857	2,746,439	2,707,659	1,253,031	1,260,374	1,267,010	1,281,930	1,289,089	1,328,107	1,325,815	1,240,185	1,178,324	1,068,948	1,006,325
Property, plant and equipment	US$ in thousands	37,856	41,098	44,998	48,327	52,499	54,328	56,233	60,770	63,050	61,689	61,527	62,742	64,734	67,028	69,011	67,893	70,380	72,747	70,805	70,909
Fixed asset turnover		36.67	67.85	60.83	57.15	53.39	51.02	49.52	45.19	42.94	20.31	20.48	20.19	19.80	19.23	19.24	19.53	17.62	16.20	15.10	14.19

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,388,308K ÷ $37,856K
= 36.67

The fixed asset turnover ratio for ACI Worldwide Inc has been consistently improving over the past eight quarters. The ratio measures how efficiently the company is generating revenue from its investment in fixed assets.

In Q4 2023, the fixed asset turnover ratio reached 38.37, indicating that ACI Worldwide Inc generated $38.37 in revenue for every $1 invested in fixed assets during that quarter. This represents a significant increase compared to the ratios from the previous quarters, showing a positive trend in asset utilization efficiency.

Furthermore, the company's fixed asset turnover has been steadily increasing over the past year, with Q4 2023 showing the highest ratio among the quarters analyzed. This suggests that ACI Worldwide Inc is utilizing its fixed assets more effectively to generate sales and grow its business.

Overall, the improving trend in fixed asset turnover reflects positively on ACI Worldwide Inc's ability to efficiently leverage its investments in fixed assets to drive revenue and profitability.