Exelixis Inc (EXEL)

Fixed asset turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Revenue US$ in thousands 2,168,700 1,830,210 1,611,060 1,434,970 987,538
Property, plant and equipment US$ in thousands 119,391 128,731 110,624 104,031 67,384
Fixed asset turnover 18.16 14.22 14.56 13.79 14.66

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,168,700K ÷ $119,391K
= 18.16

Exelixis Inc's fixed asset turnover ratio has shown a consistent and relatively high performance over the years, indicating the company's ability to generate revenue efficiently from its fixed assets. The ratio stood at 14.66 in December 2020, slightly decreased to 13.79 by December 2021, but then improved to 14.56 in December 2022 and 14.22 in December 2023. Notably, Exelixis Inc experienced a substantial increase in fixed asset turnover to 18.16 by December 2024, suggesting significant improvement in the company's efficiency in utilizing its fixed assets to generate sales. This trend demonstrates that Exelixis Inc has been effectively managing and extracting value from its fixed asset base, which is a positive indicator of operational effectiveness and potential financial performance.