ExlService Holdings Inc (EXLS)

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 1,836,094 1,765,979 1,701,554 1,655,232 1,619,020 1,581,075 1,534,327 1,479,524 1,412,249 1,334,679 1,250,293 1,176,913 1,106,200 1,059,066 1,021,331 968,383 953,303 961,222 971,337 991,235
Property, plant and equipment US$ in thousands 100,125 107,395 103,478 100,629 99,596 96,074 93,170 86,088 82,328 79,510 82,280 85,257 85,662 83,511 86,109 90,153 92,404 93,581 91,279 90,513
Fixed asset turnover 18.34 16.44 16.44 16.45 16.26 16.46 16.47 17.19 17.15 16.79 15.20 13.80 12.91 12.68 11.86 10.74 10.32 10.27 10.64 10.95

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,836,094K ÷ $100,125K
= 18.34

ExlService Holdings Inc's fixed asset turnover has shown a consistent upward trend over the past few years, starting at 10.95 in March 2020 and increasing to 18.34 by December 2024. This indicates that the company is generating more revenue relative to its investment in fixed assets.

The improvement in fixed asset turnover suggests that ExlService Holdings Inc is utilizing its fixed assets more efficiently to generate sales. A higher fixed asset turnover ratio is generally seen as favorable, as it indicates that the company is generating more revenue per dollar invested in fixed assets.

Overall, the increasing trend in ExlService Holdings Inc's fixed asset turnover reflects positively on the company's operational efficiency and financial performance, as it is making better use of its fixed assets to drive revenue growth.