Dropbox Inc (DBX)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,548,200 | 2,501,600 | 2,324,900 | 2,157,900 | 1,913,900 |
| Property, plant and equipment | US$ in thousands | — | — | 569,000 | 735,900 | 338,700 |
| Fixed asset turnover | — | — | 4.09 | 2.93 | 5.65 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,548,200K ÷ $—K
= —
Dropbox Inc's fixed asset turnover ratio, which measures the efficiency of the company in generating revenue from its fixed assets, has fluctuated over the years. In 2020, the ratio was 5.65, indicating that Dropbox was generating $5.65 in revenue for every dollar invested in fixed assets. However, the ratio decreased to 2.93 in 2021, suggesting a decline in the efficiency of utilizing fixed assets to generate revenue.
In 2022, the fixed asset turnover ratio improved to 4.09, signaling a better utilization of fixed assets to generate revenue compared to the previous year. Unfortunately, the data is not available for 2023 and 2024, making it challenging to identify any trends or make a detailed assessment for those years.
Overall, Dropbox Inc's fixed asset turnover ratio has shown variability, indicating changes in how effectively the company is using its fixed assets to generate revenue. Further analysis would be required to understand the underlying reasons behind these fluctuations and to assess the company's overall operational efficiency in utilizing its fixed assets.
Peer comparison
Dec 31, 2024