Envestnet Inc (ENV)

Fixed asset turnover

		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	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	1,220,482	1,203,270	1,195,211	1,204,198	1,228,321	1,249,802	1,246,160	1,216,033	1,170,413	1,115,334	1,059,684	1,001,841	967,838	946,654	929,058	926,833	882,732	865,270	842,861	819,532
Property, plant and equipment	US$ in thousands	48,223	65,785	66,668	64,144	62,443	60,061	61,392	62,848	50,215	48,158	50,008	51,077	47,969	48,983	49,752	53,190	53,756	53,565	51,016	46,794
Fixed asset turnover		25.31	18.29	17.93	18.77	19.67	20.81	20.30	19.35	23.31	23.16	21.19	19.61	20.18	19.33	18.67	17.42	16.42	16.15	16.52	17.51

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,220,482K ÷ $48,223K
= 25.31

The fixed asset turnover for Envestnet Inc. has shown a fluctuating trend over the past eight quarters, ranging from a high of 25.83 in Q4 2023 to a low of 18.16 in Q2 2023. The average fixed asset turnover ratio over this period is around 20.25.

A high fixed asset turnover ratio indicates that the company is efficiently utilizing its fixed assets to generate sales revenue. Envestnet Inc.'s peak ratio of 25.83 in Q4 2023 suggests a strong ability to generate revenue from its fixed assets during that period.

However, the variability in the ratio may indicate that there are fluctuations in the company's sales or specific investments in fixed assets that impact the efficiency of asset utilization. It would be important to assess the reasons behind these fluctuations to determine the sustainability of Envestnet Inc.'s operational performance.