Bill Com Holdings Inc (BILL)
Fixed asset turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,462,570 | 1,290,170 | 1,058,470 | 641,959 | 238,265 |
| Property, plant and equipment | US$ in thousands | — | — | 81,564 | 133,430 | 120,827 |
| Fixed asset turnover | — | — | 12.98 | 4.81 | 1.97 |
June 30, 2025 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,462,570K ÷ $—K
= —
The fixed asset turnover ratio of Bill Com Holdings Inc. demonstrates a significant upward trend over the period from June 30, 2021, to June 30, 2023. Specifically, the ratio increased from 1.97 in 2021 to 4.81 in 2022, nearly doubling within this one-year span. This indicates an improvement in how efficiently the company is utilizing its fixed assets to generate sales.
By June 30, 2023, the ratio rose sharply to 12.98, suggesting a substantial enhancement in asset utilization relative to sales volume. Such a marked increase could be attributable to several factors, including better asset management, technological upgrades, process improvements, or a strategic focus on core revenue-generating assets.
The absence of data for June 30, 2024, and June 30, 2025, precludes current year-to-year comparison beyond 2023; however, the trend leading to 2023 points toward an increasingly effective deployment of fixed assets relative to sales.
Overall, the progression of the fixed asset turnover ratio indicates a notable shift towards greater operational efficiency and more effective asset utilization within the company over the observed period.
Peer comparison
Jun 30, 2025