Certara Inc (CERT)

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
Revenue (ttm)	US$ in thousands	330,662	333,169	332,975	327,074	320,407	309,191	300,367	285,250	269,717
Property, plant and equipment	US$ in thousands	2,670	2,126	2,206	2,317	2,400	2,609	2,749	2,927	2,935	3,005	3,069	3,505
Fixed asset turnover		123.84	156.71	150.94	141.16	133.50	118.51	109.26	97.45	91.90

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $330,662K ÷ $2,670K
= 123.84

Certara Inc's fixed asset turnover has shown a generally increasing trend over the past eight quarters, indicating that the company has been more efficient in generating revenue from its fixed assets. The highest fixed asset turnover ratio was observed in Q3 2023 at 166.02, while the lowest was in Q1 2022 at 102.81. This signifies that Certara Inc has improved its ability to utilize its fixed assets to generate sales over time. Overall, the increasing trend in fixed asset turnover suggests that the company has been managing its fixed assets effectively to drive revenue growth.