ExlService Holdings Inc (EXLS)

Fixed asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	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	984,191	962,222	943,035	913,024
Property, plant and equipment	US$ in thousands	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	79,142	78,471	78,083	73,447
Fixed asset turnover		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	12.44	12.26	12.08	12.43

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,619,020K ÷ $99,596K
= 16.26

ExlService Holdings Inc's fixed asset turnover has been relatively stable over the past eight quarters, with values ranging from 13.90 to 17.12. This metric indicates how efficiently the company is generating revenue from its fixed assets. A higher fixed asset turnover ratio suggests that the company is effectively utilizing its fixed assets to generate sales.

In this case, the company's fixed asset turnover ratio has generally been above 15, indicating that ExlService Holdings Inc is efficiently using its fixed assets to generate revenue. The slight fluctuations in the ratio over the quarters suggest consistent management of fixed assets to drive revenue generation. However, the company experienced a peak in Q1 2023 with a fixed asset turnover ratio of 17.12, indicating an exceptionally high level of efficiency in that quarter.

Overall, ExlService Holdings Inc's consistent performance in fixed asset turnover reflects its effective management of fixed assets to drive revenue growth and operational efficiency.