Exponent Inc (EXPO)
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 | 536,766 | 541,221 | 535,064 | 525,124 | 513,293 | 499,444 | 488,670 | 478,266 | 466,269 | 456,002 | 438,260 | 410,428 | 399,900 | 406,775 | 409,660 | 424,121 | 417,199 | 399,228 | 392,982 | 382,097 |
| Property, plant and equipment | US$ in thousands | 75,318 | 76,246 | 76,793 | 69,413 | 65,539 | 64,289 | 63,921 | 61,077 | 59,971 | 60,082 | 60,329 | 60,473 | 59,823 | 60,395 | 60,301 | 60,840 | 61,587 | 59,318 | 56,112 | 50,854 |
| Fixed asset turnover | 7.13 | 7.10 | 6.97 | 7.57 | 7.83 | 7.77 | 7.64 | 7.83 | 7.77 | 7.59 | 7.26 | 6.79 | 6.68 | 6.74 | 6.79 | 6.97 | 6.77 | 6.73 | 7.00 | 7.51 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $536,766K ÷ $75,318K
= 7.13
Exponent Inc's fixed asset turnover ratio has shown a consistent trend over the past few quarters. The ratio has been relatively high, ranging between 6.68 and 7.83, indicating that the company is generating significant revenue relative to its investment in fixed assets.
The highest fixed asset turnover ratio was observed in March 2023 at 7.83, suggesting that Exponent Inc efficiently utilizes its fixed assets to generate sales during that period. On the other hand, the lowest ratio of 6.68 was recorded in December 2020, indicating a slightly lower efficiency in generating sales from fixed assets during that quarter.
Overall, the trend in fixed asset turnover ratio for Exponent Inc indicates that the company has been effectively utilizing its fixed assets to generate sales revenue consistently over the quarterly periods analyzed. This efficiency can be a positive sign of the company's operational effectiveness and management of its asset base.
Peer comparison
Dec 31, 2023