eBay Inc (EBAY)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,112,000 | 9,795,000 | 10,420,000 | 8,894,000 | 7,429,000 |
| Property, plant and equipment | US$ in thousands | 1,243,000 | 1,238,000 | 1,236,000 | 1,292,000 | 1,460,000 |
| Fixed asset turnover | 8.14 | 7.91 | 8.43 | 6.88 | 5.09 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $10,112,000K ÷ $1,243,000K
= 8.14
EBay Inc.'s fixed asset turnover has been relatively stable over the past five years, ranging from 7.15 to 8.43. This ratio measures the efficiency with which the company generates sales revenue from its investment in fixed assets. A higher fixed asset turnover indicates that EBay Inc. is effectively utilizing its fixed assets to generate sales.
The trend of increasing fixed asset turnover from 2019 to 2021 suggests that the company has been improving its efficiency in utilizing its fixed assets over the years. However, there was a slight decrease in 2022 followed by an increase in 2023.
Overall, EBay Inc. seems to be managing its fixed assets efficiently to generate sales, as indicated by the consistently high fixed asset turnover ratios in the past five years.
Peer comparison
Dec 31, 2023