Aspen Technology Inc (AZPN)

Fixed asset turnover

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022
Revenue	US$ in thousands	1,127,480	1,044,180	482,311
Property, plant and equipment	US$ in thousands	17,389	18,670	17,148
Fixed asset turnover		64.84	55.93	28.13

June 30, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,127,480K ÷ $17,389K
= 64.84

Aspen Technology Inc's fixed asset turnover ratio has shown a positive trend over the past three years, increasing from 28.13 in June 2022 to 55.93 in June 2023 and further to 64.84 in June 2024. This indicates that the company is generating more revenue from its fixed assets each year, reflecting improved efficiency in asset utilization. A higher fixed asset turnover ratio implies that Aspen Technology Inc is effectively utilizing its fixed assets to generate sales, which is a positive indicator of operational efficiency and potentially better management of its asset base. This trend may suggest that the company has been making strategic investments in fixed assets to support its operations and is effectively leveraging these assets to drive revenue growth. Overall, Aspen Technology Inc's increasing fixed asset turnover ratio signals improved operational performance and effective management of its fixed asset base.