DocuSign Inc (DOCU)

Fixed asset turnover

Jan 31, 2025 Oct 31, 2024 Jul 31, 2024 Apr 30, 2024 Jan 31, 2024 Oct 31, 2023 Jul 31, 2023 Apr 30, 2023 Jan 31, 2023 Oct 31, 2022 Jul 31, 2022 Apr 30, 2022 Jan 31, 2022 Oct 31, 2021 Jul 31, 2021 Apr 30, 2021 Jan 31, 2021 Oct 31, 2020 Jul 31, 2020 Apr 30, 2020
Revenue (ttm) US$ in thousands 2,976,595 2,911,020 2,855,044 2,805,112 2,755,038 2,702,285 2,647,448 2,581,905 2,509,526 2,430,813 2,330,784 2,220,407 2,100,770 1,912,819 1,743,995 1,568,345 1,390,396 1,265,570 1,132,554 1,026,368
Property, plant and equipment US$ in thousands 299,370 278,623 265,544 255,736 245,173 230,963 220,916 206,026 199,892 196,127 186,229 183,704 184,664 177,832 173,983 164,128 165,039 159,652 150,646 134,811
Fixed asset turnover 9.94 10.45 10.75 10.97 11.24 11.70 11.98 12.53 12.55 12.39 12.52 12.09 11.38 10.76 10.02 9.56 8.42 7.93 7.52 7.61

January 31, 2025 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,976,595K ÷ $299,370K
= 9.94

DocuSign Inc's fixed asset turnover ratio has shown a generally increasing trend over the past few years, indicating improved efficiency in generating sales relative to its investment in fixed assets. From April 30, 2020, to January 31, 2025, the fixed asset turnover ratio has increased from 7.61 to 9.94. This highlights the company's ability to effectively utilize its fixed assets in generating revenue.

The upward trend in fixed asset turnover suggests that DocuSign Inc is becoming more efficient in using its fixed assets to support its operations. The ratio exceeding 1 indicates that the company is generating more revenue per dollar of investment in fixed assets, which is a positive indicator of operational efficiency and asset utilization.

The peak value of the fixed asset turnover ratio was observed on January 31, 2025, at 12.55, reflecting the highest level of efficiency in utilizing fixed assets to generate sales. However, there was a slight decline in the ratio in the subsequent periods, with the ratio dropping to 9.94 by January 31, 2025. This decline could be attributed to various factors such as changes in revenue growth, asset utilization, or acquisition of new fixed assets.

Overall, the increasing trend in DocuSign Inc's fixed asset turnover ratio signifies improved operational efficiency and effective utilization of fixed assets in driving revenue growth. It is essential for the company to maintain or further enhance this efficiency to sustain its financial performance and profitability in the long run.