Expeditors International of Washington, Inc. (EXPD)

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	10,600,510	9,923,580	9,113,450	8,914,200	9,300,110	10,463,870	12,636,020	14,999,580	17,071,290	19,026,100	18,983,210	17,988,990	16,523,510	14,296,360	12,325,810	11,127,800	9,830,840	8,706,590	8,432,740	8,057,240
Property, plant and equipment	US$ in thousands	—	—	—	—	—	987,905	1,009,500	500,482	501,916	480,941	986,958	504,125	947,028	939,805	942,990	497,376	506,425	499,189	497,762	484,588
Fixed asset turnover		—	—	—	—	—	10.59	12.52	29.97	34.01	39.56	19.23	35.68	17.45	15.21	13.07	22.37	19.41	17.44	16.94	16.63

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $10,600,510K ÷ $—K
= —

Expeditors International of Washington, Inc.'s fixed asset turnover has shown fluctuations over the years. From March 31, 2020, to December 31, 2020, the company experienced a steady increase in fixed asset turnover, indicating that it was generating more revenue for each dollar invested in fixed assets. The ratio peaked at 39.56 on September 30, 2022, suggesting efficient utilization of fixed assets during that period.

However, the trend reversed as the fixed asset turnover dropped to 10.59 on September 30, 2023, and further decreased to 12.52 on June 30, 2023. These declines may indicate a potential decline in revenue generation relative to fixed assets investment during those periods.

As of December 31, 2023, there is no data available, and for the subsequent periods up to December 31, 2024, the fixed asset turnover remains unreported. This lack of information limits a thorough analysis of the company's efficiency in utilizing fixed assets for revenue generation in the later periods.

Overall, the analysis of Expeditors International of Washington, Inc.'s fixed asset turnover suggests fluctuations in the efficiency of generating revenue from fixed assets over time, highlighting the importance of consistent monitoring and management of asset utilization in achieving optimal financial performance.