Aspen Technology Inc (AZPN)

Fixed asset turnover

		Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022
Revenue (ttm)	US$ in thousands	1,127,482	1,105,220	1,056,992	1,042,667	1,044,178	1,537,315	1,307,437
Property, plant and equipment	US$ in thousands	17,389	16,414	16,756	17,484	18,670	18,332	17,138	17,110	17,148	4,650
Fixed asset turnover		64.84	67.33	63.08	59.64	55.93	83.86	76.29

June 30, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,127,482K ÷ $17,389K
= 64.84

The fixed asset turnover ratio for Aspen Technology Inc has shown some fluctuations over the past few quarters. It measures how efficiently the company is utilizing its fixed assets to generate revenue. A higher fixed asset turnover ratio indicates better efficiency in generating sales from its fixed assets.

The trend of the fixed asset turnover ratio for Aspen Technology Inc is as follows:
- The ratio was 76.29 in December 2022, which indicates that for every dollar invested in fixed assets, the company generated $76.29 in revenue.
- In the following quarters, the ratio decreased to 83.86 in March 2023, suggesting a slightly reduced efficiency in utilizing fixed assets.
- However, the ratio increased significantly to 55.93 in June 2023, indicating a higher level of efficiency in generating sales from fixed assets.
- The ratio further increased to 59.64 in September 2023 and then to 63.08 in December 2023, showing continued improvement in asset utilization.
- The ratio peaked at 67.33 in March 2024, signaling a significant improvement in efficiency.
- The most recent data point indicates a ratio of 64.84 as of June 30, 2024, which is still at a relatively high level compared to historical quarters.

Overall, the company has demonstrated varying levels of efficiency in utilizing its fixed assets to generate revenue, with some quarters showing improvements and others experiencing fluctuations. Investors and stakeholders may continue to monitor this ratio to assess Aspen Technology Inc's ability to maximize the productivity of its fixed assets.