Duolingo Inc (DUOL)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	748,024	531,109	369,495	51	161,696
Property, plant and equipment	US$ in thousands	—	—	12,969	8,211	14,501
Fixed asset turnover		—	—	28.49	0.01	11.15

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $748,024K ÷ $—K
= —

Duolingo Inc's fixed asset turnover ratio has shown significant fluctuations over the years based on the provided data. In December 31, 2020, the fixed asset turnover was 11.15, indicating that the company generated $11.15 in revenue for every dollar invested in fixed assets during that period. However, by December 31, 2021, the ratio dropped sharply to 0.01, suggesting a substantial decline in efficiency in utilizing fixed assets to generate revenue.

The fixed asset turnover then demonstrated a remarkable improvement in efficiency by December 31, 2022, reaching 28.49. This surge indicates that the company generated $28.49 in revenue for each dollar invested in fixed assets, reflecting a significant enhancement in operational performance and asset utilization efficiency.

Unfortunately, data for December 31, 2023, and December 31, 2024, is unavailable (denoted by "—"). This lack of data for these years limits our ability to track the company's fixed asset turnover and draw conclusive insights regarding its asset management effectiveness during these periods.

Overall, the significant fluctuations in Duolingo Inc's fixed asset turnover ratio underscore the importance of monitoring and managing fixed assets efficiently to optimize revenue generation and operational performance.