Etsy Inc (ETSY)

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	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Revenue (ttm)	US$ in thousands	2,808,332	2,798,492	2,772,384	2,753,454	2,748,377	2,713,296	2,671,463	2,627,722	2,566,111	2,476,009	2,413,969	2,357,734	2,329,114	2,229,330	2,148,379	2,048,216	1,725,625	1,378,268	1,124,737	877,095
Property, plant and equipment	US$ in thousands	147,661	242,889	238,798	241,875	154,413	245,806	243,129	248,352	147,575	249,905	261,697	271,333	165,931	198,902	105,814	107,960	62,234	270,476	267,494	-131,114
Fixed asset turnover		19.02	11.52	11.61	11.38	17.80	11.04	10.99	10.58	17.39	9.91	9.22	8.69	14.04	11.21	20.30	18.97	27.73	5.10	4.20	—

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,808,332K ÷ $147,661K
= 19.02

The fixed asset turnover ratio for Etsy Inc has fluctuated over the past few years, indicating changes in how efficiently the company is utilizing its fixed assets to generate revenue.

From June 2020 to December 2020, the ratio saw a significant increase from 4.20 to 27.73, suggesting a substantial improvement in the company's ability to generate sales from its fixed assets during this period. This could be attributed to increased sales, better asset utilization, or strategic investments in fixed assets.

Subsequently, the ratio fluctuated between 18.97 and 20.30 over the next few quarters, indicating a relatively stable performance in terms of fixed asset turnover. However, there was a notable decrease in the ratio to 8.69 by March 2022, which could be a reflection of changes in the company's asset base or operational efficiency.

The ratio then gradually increased to around 19.02 by December 2024, indicating a recovery in the efficiency of utilizing fixed assets to generate revenue. Overall, the trend in Etsy Inc's fixed asset turnover ratio suggests some variability in the company's ability to efficiently generate sales from its fixed assets, with periods of improvement and decline over the analyzed period. Further analysis would be necessary to understand the specific factors driving these fluctuations and their implications for the company's operational performance.