CSG Systems International Inc (CSGS)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,170,020 | 1,091,100 | 1,044,030 | 990,533 | 996,810 |
| Property, plant and equipment | US$ in thousands | 65,545 | 71,787 | 73,580 | 81,759 | 84,429 |
| Fixed asset turnover | 17.85 | 15.20 | 14.19 | 12.12 | 11.81 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,170,020K ÷ $65,545K
= 17.85
The fixed asset turnover ratio of CSG Systems International Inc. has shown a consistent increase over the last five years, indicating improved efficiency in generating sales relative to its investment in fixed assets. The ratio increased from 11.81 in 2019 to 17.84 in 2023, showcasing a positive trend in asset utilization.
The company has been able to generate $17.84 in sales for every dollar invested in fixed assets in 2023, compared to $11.81 in 2019. This suggests that CSG Systems International Inc. has been more effective in utilizing its fixed assets to drive revenue growth and operational performance.
The upward trend in fixed asset turnover signifies that the company has been managing its fixed assets more efficiently over the years, which could indicate improved productivity, effective utilization of resources, and potentially better profitability. It reflects positively on the company's ability to generate sales from its capital investments in property, plant, and equipment.
Peer comparison
Dec 31, 2023