DocuSign Inc (DOCU)

Fixed asset turnover

		Jan 31, 2025	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021
Revenue	US$ in thousands	2,976,740	2,755,040	2,509,530	2,100,770	1,390,400
Property, plant and equipment	US$ in thousands	299,370	245,173	199,892	184,664	165,039
Fixed asset turnover		9.94	11.24	12.55	11.38	8.42

January 31, 2025 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,976,740K ÷ $299,370K
= 9.94

The fixed asset turnover ratio for DocuSign Inc has shown a generally increasing trend over the past five years. Starting at 8.42 in January 31, 2021, the ratio has consistently improved to reach its peak at 12.55 in January 31, 2023. This indicates that DocuSign has been able to generate more revenue relative to its investment in fixed assets over the years. However, there was a slight dip in the ratio to 11.24 in January 31, 2024, followed by a further decrease to 9.94 in January 31, 2025. Despite these recent declines, the company's fixed asset turnover remains relatively high, reflecting efficient utilization of its fixed assets to generate sales. It is important for DocuSign to monitor this ratio closely to ensure continued effective management of its fixed assets for optimal revenue generation.