Duolingo Inc (DUOL)

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	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020
Revenue (ttm)	US$ in thousands	748,024	689,459	634,489	583,001	531,109	483,948	442,389	403,936	369,495	338,685	306,215	276,632	250,772	226,026	207,736	188,944	161,696
Property, plant and equipment	US$ in thousands	—	—	—	—	—	—	12,571	12,842	12,969	13,191	13,356	10,254	8,211	16,241	14,497	14,075	—
Fixed asset turnover		—	—	—	—	—	—	35.19	31.45	28.49	25.68	22.93	26.98	30.54	13.92	14.33	13.42	—

December 31, 2024 calculation

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

Duolingo Inc's fixed asset turnover ratio has shown fluctuations over the period from March 2021 to March 2023. The ratio increased from 13.42 in March 2021 to a peak of 35.19 in June 2023, indicating that the company was generating more revenue relative to its investment in fixed assets. This suggests efficient utilization of fixed assets to generate sales during this period.

However, the ratio declined in the subsequent periods, dropping to 28.49 in December 2022 and then increasing to 31.45 in March 2023 before reaching its peak. Since September 2023, the data for fixed asset turnover is not available, indicating a lack of information on the company's performance in utilizing its fixed assets to generate revenue.

Overall, Duolingo Inc's fixed asset turnover ratio demonstrates a positive trend in leveraging its fixed assets efficiently to generate sales, although the lack of data for the latter part of the period makes it challenging to assess the company's recent performance in this aspect.