3D Systems Corporation (DDD)

Fixed asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Revenue (ttm)	US$ in thousands	518,086	512,115	494,096	504,761	517,903	530,889	553,131	577,728	600,986	653,777	677,032	655,987	605,384	554,394	546,312	566,368	611,477	628,898	645,040	654,360
Property, plant and equipment	US$ in thousands	60,568	64,461	63,535	62,789	62,150	58,072	55,942	55,864	54,827	57,257	57,720	59,183	71,467	75,356	81,433	85,727	89,373	92,940	92,935	97,664
Fixed asset turnover		8.55	7.94	7.78	8.04	8.33	9.14	9.89	10.34	10.96	11.42	11.73	11.08	8.47	7.36	6.71	6.61	6.84	6.77	6.94	6.70

March 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $518,086K ÷ $60,568K
= 8.55

The fixed asset turnover ratio for 3D Systems Corporation has been fluctuating over the past few quarters. The ratio indicates how efficiently the company is utilizing its fixed assets to generate revenue.

The trend shows that the fixed asset turnover ratio has been relatively high, ranging from 6.70 to 11.73. This suggests that the company has been able to generate a significant amount of revenue relative to its investment in fixed assets during these periods.

However, there seems to be some variability in the ratio, with peaks and troughs occurring throughout the quarters. This may indicate fluctuations in sales or changes in the company's asset base.

Overall, the higher fixed asset turnover ratios indicate that 3D Systems Corporation has been effectively using its fixed assets to generate revenue, which is a positive sign for the company's operational efficiency.