CleanSpark Inc (CLSK)

The fixed asset turnover ratio for CleanSpark Inc. from September 30, 2020, through September 30, 2024, demonstrates significant fluctuations over the specified period.

In the fiscal year ending September 30, 2020, the ratio was recorded at 63.08, indicating a highly efficient utilization of fixed assets in generating revenue during that period. This high level suggests either substantial revenue relative to the company's fixed assets or a relatively low investment in fixed assets at that time.

However, by September 30, 2021, the ratio experienced a dramatic decline to 0.29. This substantial decrease indicates a significant drop in the company's efficiency in leveraging its fixed assets to generate sales, potentially attributable to increased investment in fixed assets without immediate proportional revenue growth, or a decline in revenue relative to the asset base.

Subsequently, the ratio modestly improved to 0.35 by September 30, 2022, signifying a slight enhancement in asset utilization efficiency. Nevertheless, this value remains markedly lower than the level observed in 2020, suggesting persistent challenges in asset turnover.

Data for the periods ending September 30, 2023, and September 30, 2024, are not available, precluding further analysis for these fiscal years. The dramatic decline from 2020 to 2021, followed by a partial recovery in 2022, indicates a significant change in operational efficiency or asset management strategy during this timeframe.

Overall, the trend reflects a transition from a period of exceptionally high fixed asset turnover to significantly lower levels, indicative of changes in revenue generation capacity or asset base management. The missing data for subsequent years limits a comprehensive trend analysis beyond 2022.

Peer comparison

Sep 30, 2024