Etsy Inc (ETSY)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	2,808,330	2,748,380	2,566,110	2,329,110	1,725,620
Property, plant and equipment	US$ in thousands	147,661	154,413	147,575	165,931	62,234
Fixed asset turnover		19.02	17.80	17.39	14.04	27.73

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,808,330K ÷ $147,661K
= 19.02

The fixed asset turnover ratio for Etsy Inc has shown fluctuations over the years based on the provided data. In December 2020, the ratio was significantly high at 27.73, reflecting a strong efficiency in generating sales revenue relative to its investment in fixed assets. However, by December 2021, the ratio decreased to 14.04, indicating a decline in the company's ability to utilize its fixed assets effectively to generate revenue.

Subsequently, in December 2022, the fixed asset turnover ratio improved to 17.39, suggesting a better utilization of fixed assets compared to the previous year. This trend continued with further improvements in December 2023 and December 2024, where the ratios stood at 17.80 and 19.02 respectively.

Overall, the fluctuation in Etsy Inc's fixed asset turnover ratio indicates varying levels of efficiency in utilizing fixed assets to generate sales revenue. The company has shown improvement in recent years, reflecting a better optimization of its fixed asset base to drive revenue generation.