Calix Inc (CALX)
Fixed asset turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,040,393 | 1,019,662 | 992,161 | 933,187 | 868,127 | 799,743 | 735,640 | 702,268 | 679,394 | 673,001 | 651,278 | 601,631 | 541,239 | 491,404 | 455,381 | 436,662 | 424,235 | 419,560 | 419,774 | 431,172 |
| Property, plant and equipment | US$ in thousands | 29,461 | 29,123 | 28,836 | 27,419 | 25,834 | 24,348 | 22,029 | 22,307 | 21,783 | 20,960 | 19,663 | 20,103 | 20,381 | 20,168 | 20,966 | 20,402 | 21,527 | 28,387 | 29,105 | 26,372 |
| Fixed asset turnover | 35.31 | 35.01 | 34.41 | 34.03 | 33.60 | 32.85 | 33.39 | 31.48 | 31.19 | 32.11 | 33.12 | 29.93 | 26.56 | 24.37 | 21.72 | 21.40 | 19.71 | 14.78 | 14.42 | 16.35 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,040,393K ÷ $29,461K
= 35.31
The fixed asset turnover of Calix Inc has been consistently strong over the past eight quarters, ranging from 31.48 to 35.29. This indicates that the company efficiently utilizes its fixed assets to generate sales revenue. The increasing trend in fixed asset turnover suggests that Calix Inc has been improving its operational efficiency in utilizing its fixed assets over time. The high fixed asset turnover ratio is a positive signal of effective asset management and productivity within the company. Overall, the consistent and high fixed asset turnover ratio reflects positively on Calix Inc's ability to generate sales from its fixed asset base.
Peer comparison
Dec 31, 2023