ExlService Holdings Inc (EXLS)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,839,380 | 1,619,020 | 1,412,250 | 1,106,200 | 951,676 |
| Property, plant and equipment | US$ in thousands | 100,125 | 99,596 | 82,328 | 85,662 | 92,404 |
| Fixed asset turnover | 18.37 | 16.26 | 17.15 | 12.91 | 10.30 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,839,380K ÷ $100,125K
= 18.37
ExlService Holdings Inc's fixed asset turnover has shown a consistent upward trend over the past five years, reflecting efficient utilization of its fixed assets in generating revenue. The ratio increased from 10.30 in December 31, 2020, to 18.37 in December 31, 2024. This indicates that the company generated $18.37 in sales for every dollar invested in fixed assets by the end of 2024.
The significant improvement in fixed asset turnover signals improved operational efficiency and potentially better asset management practices by the company during this period. This trend suggests that ExlService Holdings Inc has been able to increase revenue without a proportional increase in its investment in fixed assets, which can positively impact its profitability and return on assets.
Peer comparison
Dec 31, 2024