Box Inc (BOX)

Fixed asset turnover

		Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Revenue (ttm)	US$ in thousands	1,040,660	1,034,032	1,022,661	1,007,585	994,399	970,516	944,382	913,066	877,507	844,717	816,408	793,107	773,486	759,422	740,713	721,926	700,057	682,054	660,627	636,568
Property, plant and equipment	US$ in thousands	31,353	44,195	54,246	63,516	69,972	67,755	78,558	92,043	105,755	117,397	131,641	146,100	160,148	173,621	186,609	192,025	190,976	189,865	161,868	153,049
Fixed asset turnover		33.19	23.40	18.85	15.86	14.21	14.32	12.02	9.92	8.30	7.20	6.20	5.43	4.83	4.37	3.97	3.76	3.67	3.59	4.08	4.16

January 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,040,660K ÷ $31,353K
= 33.19

Box Inc's fixed asset turnover has exhibited fluctuations over the past few periods. The ratio has generally shown a decreasing trend from Jan 31, 2020, to Jan 31, 2024. This indicates that the company's efficiency in generating revenue from its fixed assets has declined over time.

The highest fixed asset turnover was recorded on Jan 31, 2024, at 33.19, which suggests that Box Inc generated $33.19 in revenue for every dollar invested in fixed assets. On the other hand, the lowest ratio of 3.59 on Jan 31, 2019, indicates a significant decrease in efficiency in utilizing fixed assets to generate revenue.

It is crucial for Box Inc to closely monitor and manage its fixed asset turnover to ensure optimal utilization of its assets and drive profitability. The company may need to evaluate its capital expenditure decisions and asset management strategies to enhance efficiency and maximize returns on its fixed assets.