DigitalOcean Holdings Inc (DOCN)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 780,615 | 756,564 | 735,142 | 712,480 | 692,884 | 675,008 | 650,061 | 614,129 | 576,322 | 532,986 | 492,299 | 462,227 | 428,561 |
| Property, plant and equipment | US$ in thousands | 432,544 | 371,000 | 367,428 | 322,052 | 305,444 | 284,806 | 270,707 | 277,957 | 273,170 | 270,985 | 268,418 | 259,385 | 249,643 |
| Fixed asset turnover | 1.80 | 2.04 | 2.00 | 2.21 | 2.27 | 2.37 | 2.40 | 2.21 | 2.11 | 1.97 | 1.83 | 1.78 | 1.72 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $780,615K ÷ $432,544K
= 1.80
The fixed asset turnover ratio of DigitalOcean Holdings Inc has been showing an increasing trend from December 31, 2021, at 1.72 to a peak of 2.40 on June 30, 2023. This indicates an improvement in the company's efficiency in generating revenue from its fixed assets during this period.
However, after June 30, 2023, there was a slight decline in the fixed asset turnover ratio, reaching 1.80 by December 31, 2024. This suggests a potential decrease in the company's ability to utilize its fixed assets effectively to generate sales.
Overall, the fluctuation in the fixed asset turnover ratio over the analyzed period may indicate changes in the company's operational efficiency and asset utilization. Further analysis and comparison with industry benchmarks could provide additional insights into DigitalOcean Holdings Inc's performance in managing its fixed assets.
Peer comparison
Dec 31, 2024