Calix Inc (CALX)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,040,390 | 868,127 | 679,394 | 537,325 | 421,694 |
| Property, plant and equipment | US$ in thousands | 29,461 | 25,834 | 21,783 | 20,381 | 21,527 |
| Fixed asset turnover | 35.31 | 33.60 | 31.19 | 26.36 | 19.59 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,040,390K ÷ $29,461K
= 35.31
The fixed asset turnover ratio for Calix Inc has exhibited a positive trend over the past five years, indicating an improvement in the efficiency with which the company utilizes its fixed assets to generate sales. The ratio has steadily increased from 19.71 in 2019 to 35.29 in 2023, suggesting that Calix Inc has been able to generate significantly higher sales relative to its investment in fixed assets.
This upward trend signifies that the company has been able to enhance its operational efficiency and productivity, possibly through better asset utilization, improved production processes, or effective capital allocation strategies. A higher fixed asset turnover ratio is generally considered favorable as it indicates that the company is making efficient use of its fixed assets to drive revenue generation.
The consistent improvement in the fixed asset turnover ratio for Calix Inc reflects positively on the company's operational performance and management of fixed assets, showcasing its ability to optimize resources and enhance profitability through increased sales generated from its fixed asset base.
Peer comparison
Dec 31, 2023