Expeditors International of Washington, Inc. (EXPD)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	10,600,500	9,300,110	17,071,300	16,523,500	9,584,390
Property, plant and equipment	US$ in thousands	—	—	501,916	947,028	506,425
Fixed asset turnover		—	—	34.01	17.45	18.93

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $10,600,500K ÷ $—K
= —

The fixed asset turnover ratio of Expeditors International of Washington, Inc. has fluctuated over the years. In 2020, the ratio was 18.93, indicating that the company generated $18.93 in revenue for every dollar invested in fixed assets. However, in 2021, the ratio decreased to 17.45, suggesting a slight decrease in efficiency in utilizing its fixed assets to generate revenue.

The ratio saw a significant improvement in 2022, jumping to 34.01, which indicates a more efficient use of fixed assets to generate revenue compared to the previous years. However, the data for 2023 and 2024 are not available (denoted by "—"), making it challenging to assess the trend in the subsequent years.

Overall, based on the available data, Expeditors International of Washington, Inc. has shown varying levels of efficiency in utilizing its fixed assets to generate revenue, with a notable improvement in 2022. Further analysis would be required to understand the reasons behind these fluctuations and the potential impacts on the company's operational performance and financial health.