Extreme Networks Inc (EXTR)

Fixed asset turnover

		Jun 30, 2025	Mar 31, 2025	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
Revenue (ttm)	US$ in thousands	1,140,067	1,089,717	1,016,248	1,033,270	1,117,203	1,224,460	1,345,931	1,367,902	1,312,454	1,226,740	1,179,741	1,142,326	1,112,321	1,112,213	1,080,105	1,041,300	1,009,418	946,852	902,971	928,315
Property, plant and equipment	US$ in thousands	—	—	—	—	—	—	—	90,278	46,448	45,230	45,711	82,221	86,032	49,365	83,294	86,698	91,931	56,116	55,974	55,995
Fixed asset turnover		—	—	—	—	—	—	—	15.15	28.26	27.12	25.81	13.89	12.93	22.53	12.97	12.01	10.98	16.87	16.13	16.58

June 30, 2025 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,140,067K ÷ $—K
= —

The fixed asset turnover ratio for Extreme Networks Inc demonstrates notable fluctuations over the period from September 2020 to September 2023. Initially, in September 2020, the ratio was approximately 16.58, indicating the company generated roughly 16.58 units of revenue for each dollar invested in fixed assets. This ratio slightly declined to 16.13 by the end of 2020 but recovered modestly to 16.87 in March 2021.

A significant decrease occurred between March 2021 and June 2021, where the ratio dropped sharply to 10.98, suggesting a decline in revenue efficiency relative to fixed assets during this interval. The ratio then experienced some recovery, reaching 12.01 in September 2021 and 12.97 at the year-end of 2021.

A pronounced upward trend is evident in 2022, culminating in a peak of 25.81 at the end of December 2022. During this period, the company was leveraging its fixed assets more effectively, generating substantially higher revenue per dollar invested in fixed assets. The ratio continued to improve into the first quarter of 2023, reaching 27.12, and further increased to 28.26 by June 2023, signifying a period of strong fixed asset utilization.

However, by September 2023, the ratio declined markedly to 15.15, indicating a reduction in revenue efficiency relative to fixed assets. The subsequent data points are unavailable beyond September 2023, and no projections or estimates are provided beyond this date.

Overall, the data depicts periods of both decline and recovery in fixed asset turnover, with a notable surge in late 2022 and early 2023, followed by a sharp downturn in the third quarter of 2023. These fluctuations could be driven by changes in operational efficiency, investment in fixed assets, or variations in revenue generation activities.