Agilysys Inc (AGYS)

Fixed asset turnover

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	US$ in thousands	238,118	198,854	163,406	137,285	160,748
Property, plant and equipment	US$ in thousands	17,930	14,576	6,345	8,789	12,230
Fixed asset turnover		13.28	13.64	25.75	15.62	13.14

March 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $238,118K ÷ $17,930K
= 13.28

The fixed asset turnover ratio for Agilysys Inc has shown some variation over the past five years. The ratio was relatively high in the fiscal years ending in 2022 and 2020, indicating that the company generated significant revenue relative to its investment in fixed assets during those periods. However, there was a slight decrease in the ratio in 2021, followed by further reduction in 2023 and 2024.

Despite the fluctuations, the company has generally maintained a healthy level of efficiency in utilizing its fixed assets to generate sales. It is worth further investigating the reasons behind the recent decline in the fixed asset turnover ratio in order to assess the impact on the company's overall operational efficiency and profitability.