Exelixis Inc (EXEL)

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	2,168,701	2,081,598	2,013,976	1,846,646	1,830,208	1,774,473	1,714,291	1,663,870	1,611,062	1,638,285	1,554,970	1,520,720	1,434,970	1,253,882	1,156,551	1,030,853	987,538	957,796	998,407	979,203
Property, plant and equipment	US$ in thousands	119,391	124,414	130,210	127,222	128,731	121,039	115,004	116,212	110,624	107,909	108,529	106,169	104,031	99,838	95,133	78,453	67,384	56,385	52,323	48,489
Fixed asset turnover		18.16	16.73	15.47	14.52	14.22	14.66	14.91	14.32	14.56	15.18	14.33	14.32	13.79	12.56	12.16	13.14	14.66	16.99	19.08	20.19

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,168,701K ÷ $119,391K
= 18.16

Exelixis Inc's fixed asset turnover has experienced some fluctuations over the periods indicated. The fixed asset turnover ratio measures how efficiently the company is generating revenues from its fixed assets. A higher ratio indicates better efficiency in utilizing fixed assets to generate sales.

From March 31, 2020, to December 31, 2020, the fixed asset turnover decreased from 20.19 to 14.66. This decline may indicate a decrease in revenue generated by the company's fixed assets during this period.

Subsequently, there was a further decrease in the fixed asset turnover ratio to 12.16 by June 30, 2021. The ratio remained relatively low until December 31, 2021, when it slightly increased to 13.79. The increase in the ratio suggests improved efficiency in generating revenue from fixed assets.

From March 31, 2022, to December 31, 2024, the fixed asset turnover ratio fluctuated between 14.32 and 18.16. Overall, the ratio shows a moderate improvement, indicating that Exelixis Inc has been able to enhance its efficiency in utilizing fixed assets to generate sales over the analyzed periods.