Bill Com Holdings Inc (BILL)

Fixed asset turnover

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Revenue	US$ in thousands	1,337,410	1,043,850	633,252	210,162	157,371
Property, plant and equipment	US$ in thousands	88,034	81,564	56,985	48,902	13,866
Fixed asset turnover		15.19	12.80	11.11	4.30	11.35

June 30, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,337,410K ÷ $88,034K
= 15.19

Based on the fixed asset turnover data provided for Bill Com Holdings Inc, the ratio has shown fluctuations over the past five years.

In June 30, 2020, the fixed asset turnover stood at 11.35, indicating that for each unit of fixed assets, the company generated $11.35 in sales. However, by June 30, 2021, the fixed asset turnover dropped to 4.30, suggesting a decrease in the efficiency of utilizing fixed assets to generate revenue.

Subsequently, there was a notable recovery in the fixed asset turnover ratio, with figures reaching 11.11 in June 30, 2022, 12.80 in June 30, 2023, and 15.19 in June 30, 2024. These improvements indicate that the company became more adept at generating sales relative to their investment in fixed assets during these years.

Overall, the trend in fixed asset turnover for Bill Com Holdings Inc reflects initial decline, followed by significant recovery and continuous improvement over the analyzed period. It is essential for the company to sustain this positive trajectory to ensure optimal utilization of fixed assets in generating revenue.