PC Connection Inc (CNXN)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,806,655 | 2,795,924 | 2,762,593 | 2,759,661 | 2,850,161 | 2,886,154 | 2,968,760 | 3,063,722 | 3,124,985 | 3,192,747 | 3,168,423 | 3,044,075 | 2,892,633 | 2,768,107 | 2,669,491 | 2,515,332 | 2,590,290 | 2,631,231 | 2,707,889 | 2,898,963 |
| Property, plant and equipment | US$ in thousands | 52,520 | 53,255 | 54,376 | 55,529 | 56,658 | 57,638 | 58,012 | 58,372 | 59,171 | 59,913 | 60,248 | 60,835 | 61,011 | 60,623 | 61,002 | 61,592 | 61,537 | 63,189 | 65,387 | 65,754 |
| Fixed asset turnover | 53.44 | 52.50 | 50.81 | 49.70 | 50.30 | 50.07 | 51.17 | 52.49 | 52.81 | 53.29 | 52.59 | 50.04 | 47.41 | 45.66 | 43.76 | 40.84 | 42.09 | 41.64 | 41.41 | 44.09 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,806,655K ÷ $52,520K
= 53.44
PC Connection Inc's fixed asset turnover has shown a generally increasing trend over the past few years, indicating more efficiency in generating sales revenue from its fixed assets. The ratio has fluctuated between a low of 40.84 in March 2021 to a peak of 53.44 in December 2024. This suggests that the company has been effectively utilizing its fixed assets to support its sales growth.
A higher fixed asset turnover ratio signifies that the company is efficiently using its fixed assets to generate revenue. PC Connection Inc's ratio has steadily improved, reaching a peak of 53.44 in December 2024, indicating that the company has been able to generate $53.44 in sales for every dollar invested in fixed assets during that period.
Overall, the increasing trend in fixed asset turnover is a positive indicator of the company's operational efficiency and effective management of its fixed assets to drive revenue growth.
Peer comparison
Dec 31, 2024