Exelixis Inc (EXEL)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,830,210 | 1,611,060 | 1,434,970 | 987,538 | 967,775 |
| Property, plant and equipment | US$ in thousands | 128,731 | 110,624 | 104,031 | 67,384 | 48,892 |
| Fixed asset turnover | 14.22 | 14.56 | 13.79 | 14.66 | 19.79 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,830,210K ÷ $128,731K
= 14.22
Exelixis Inc's fixed asset turnover ratio has shown a fluctuating trend over the past five years. The ratio stood at 19.79 in 2019 but decreased to 14.66 in 2020 before slightly increasing to 13.79 in 2021. However, there was a recovery in 2022 with a ratio of 14.56. In the most recent year, 2023, the fixed asset turnover ratio further improved to 14.22.
A high fixed asset turnover ratio indicates that the company efficiently utilizes its fixed assets to generate revenue. Despite the fluctuations over the years, Exelixis Inc has generally maintained a healthy level of efficiency in generating sales using its fixed assets. This trend suggests that the company has been effectively managing its fixed assets to drive revenue growth.
Peer comparison
Dec 31, 2023