Dropbox Inc (DBX)

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	2,548,200	2,539,600	2,533,800	2,521,800	2,501,600	2,465,400	2,423,400	2,373,600	2,324,900	2,291,600	2,250,800	2,208,700	2,157,900	2,096,500	2,033,700	1,970,500	1,913,900	1,855,800	1,796,600	1,730,700
Property, plant and equipment	US$ in thousands	—	—	—	—	—	—	298,500	307,200	569,000	661,200	693,100	316,100	735,900	345,800	780,500	330,800	338,700	488,400	1,177,200	1,181,300
Fixed asset turnover		—	—	—	—	—	—	8.12	7.73	4.09	3.47	3.25	6.99	2.93	6.06	2.61	5.96	5.65	3.80	1.53	1.47

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,548,200K ÷ $—K
= —

Fixed asset turnover is a financial ratio that measures a company's ability to generate sales from its fixed assets. It indicates how efficiently the company is utilizing its fixed assets to generate revenue.

Analyzing the fixed asset turnover of Dropbox Inc over the past few years, we observe a fluctuating trend. The ratio started at 1.47 in March 2020, increased steadily to 7.73 in March 2023, showing a significant improvement in asset utilization efficiency. This indicates that Dropbox Inc was able to generate $7.73 in revenue for every $1 invested in fixed assets as of March 2023.

However, in the subsequent periods, we see a slight decline in the fixed asset turnover ratio to 3.25 in June 2023, then to 3.47 in September 2023, and further to 4.09 in December 2023. This suggests that the company may have experienced some challenges in optimizing its fixed asset utilization efficiency during these periods.

Looking at the most recent data available, the fixed asset turnover ratio stands at 4.09 as of December 2023. It is important to note that no data is provided for the periods beyond December 2023.

Overall, Dropbox Inc has shown varying levels of efficiency in generating revenue from its fixed assets over the analyzed periods. It is crucial for the company to continuously monitor and improve its asset utilization to ensure sustained profitability and operational efficiency.