PC Connection Inc (CNXN)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,802,060 | 2,850,070 | 3,124,980 | 2,892,630 | 2,590,160 |
| Property, plant and equipment | US$ in thousands | 52,520 | 56,658 | 59,171 | 61,011 | 61,537 |
| Fixed asset turnover | 53.35 | 50.30 | 52.81 | 47.41 | 42.09 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,802,060K ÷ $52,520K
= 53.35
The fixed asset turnover ratio for PC Connection Inc has shown a consistent upward trend over the years, indicating an improvement in the company's efficiency in generating revenue from its fixed assets. The ratio increased from 42.09 in 2020 to 53.35 in 2024, with fluctuations in between. This suggests that the company is utilizing its fixed assets more effectively to generate sales. A high fixed asset turnover ratio signifies that PC Connection Inc is efficiently utilizing its property, plant, and equipment to drive revenue, which is a positive sign for the company's operational efficiency and profitability. Overall, the increasing trend in the fixed asset turnover ratio reflects PC Connection Inc's ability to maximize the productivity of its fixed assets over the years.
Peer comparison
Dec 31, 2024