ANGI Homeservices Inc (ANGI)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,185,110 | 1,358,750 | 1,891,520 | 1,685,440 | 1,467,920 |
| Property, plant and equipment | US$ in thousands | — | — | 153,855 | 118,267 | 108,842 |
| Fixed asset turnover | — | — | 12.29 | 14.25 | 13.49 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,185,110K ÷ $—K
= —
The fixed asset turnover ratio for ANGI Homeservices Inc. demonstrates a pattern indicating changes in the efficiency with which the company utilizes its fixed assets to generate revenue over the observed period. As of December 31, 2020, the ratio stood at 13.49, reflecting the company's ability to generate approximately $13.49 in revenue for every dollar invested in fixed assets. This ratio increased slightly to 14.25 by December 31, 2021, implying a marginal improvement in asset utilization efficiency during that year.
However, by December 31, 2022, the ratio decreased to 12.29, indicating a decline in the company's capacity to generate revenue relative to its fixed asset base. This downturn may suggest a reduction in operational efficiency, potentialasset underutilization, or increased fixed assets not currently translating into proportional revenue gains.
There are no available data points for December 31, 2023, and December 31, 2024, which precludes an assessment of the most recent trends or future projections. Overall, the ratios reflect a period of relatively stable efficiency with a notable decline at the end of 2022, warranting further analysis to determine underlying causes such as changes in asset base, operational strategy, or market conditions affecting asset productivity.
Peer comparison
Dec 31, 2024