Box Inc (BOX)

Fixed asset turnover

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	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
Revenue (ttm)	US$ in thousands	1,090,130	1,073,488	1,059,112	1,050,501	1,037,741	1,031,339	1,019,753	1,004,340	990,874	967,759	941,852	910,323	874,332	839,884	811,843	789,650	770,770	755,442	736,595	716,851
Property, plant and equipment	US$ in thousands	—	—	—	—	—	162,727	184,404	182,702	201,144	209,902	232,162	255,717	278,563	286,237	307,459	146,100	354,401	173,621	392,185	192,025
Fixed asset turnover		—	—	—	—	—	6.34	5.53	5.50	4.93	4.61	4.06	3.56	3.14	2.93	2.64	5.40	2.17	4.35	1.88	3.73

January 31, 2025 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,090,130K ÷ $—K
= —

Fixed asset turnover is a financial ratio that measures a company's ability to generate sales from its investments in fixed assets, such as property, plant, and equipment. A higher fixed asset turnover ratio indicates that the company is utilizing its fixed assets efficiently to generate revenue.

Analyzing the fixed asset turnover of Box Inc over the specified time period, we observe fluctuations in the ratio. In April 2020, the ratio was relatively high at 3.73, indicating that Box Inc was generating significant revenue from its fixed assets. However, by July 2020, the ratio dropped to 1.88, suggesting a lower efficiency in utilizing fixed assets to generate sales.

Subsequently, there was an upward trend in the fixed asset turnover ratio, with significant increases recorded in April 2021 (5.40) and October 2023 (6.34). These spikes indicate improved efficiency in generating revenue from fixed assets during those periods.

It is notable that the fixed asset turnover ratio for January 31, 2024, April 30, 2024, July 31, 2024, October 31, 2024, and January 31, 2025 are not available (represented as "—"). The absence of data for these periods limits a comprehensive understanding of Box Inc's fixed asset efficiency during those timeframes.

Overall, the trend in Box Inc's fixed asset turnover ratio shows varying levels of efficiency in utilizing fixed assets over time. Further analysis of operational and investment activities may provide insights into the factors influencing these fluctuations in fixed asset turnover.