Dropbox Inc (DBX)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,499,000 | 2,333,500 | 2,161,100 | 1,914,900 | 1,660,000 |
| Property, plant and equipment | US$ in thousands | 309,200 | 308,400 | 322,000 | 338,700 | 445,300 |
| Fixed asset turnover | 8.08 | 7.57 | 6.71 | 5.65 | 3.73 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,499,000K ÷ $309,200K
= 8.08
Dropbox Inc's fixed asset turnover has been showing a positive trend over the past five years, indicating an improvement in the company's ability to generate revenue from its fixed assets efficiently. The ratio has shown a steady increase from 3.73 in 2019 to 8.09 in 2023, reflecting a significant enhancement in productivity and utilization of fixed assets. This indicates that the company is generating more sales relative to its investment in fixed assets, which is a positive signal for investors and creditors. The consistent improvement in fixed asset turnover suggests that Dropbox Inc is effectively managing its asset base to drive revenue growth and optimize operational efficiency.
Peer comparison
Dec 31, 2023