Duolingo Inc (DUOL)

Fixed asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	US$ in thousands	531,109	369,495	250,772
Property, plant and equipment	US$ in thousands	11,792	12,969	8,211
Fixed asset turnover		45.04	28.49	30.54

December 31, 2023 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $531,109K ÷ $11,792K
= 45.04

The fixed asset turnover ratio for Duolingo Inc has shown a consistent improvement over the past three years, increasing from 30.54 in 2021 to 28.49 in 2022 and further to 45.04 in 2023. This indicates that the company is generating more revenue per dollar invested in fixed assets, reflecting efficient utilization of its fixed assets to generate sales. The significant increase in the fixed asset turnover ratio from 2022 to 2023 suggests a notable improvement in efficiency and productivity in utilizing fixed assets to drive revenue growth. Overall, a higher fixed asset turnover ratio is a positive indicator of operational efficiency and effective asset management within Duolingo Inc.