Extreme Networks Inc (EXTR)

Fixed asset turnover

		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	Dec 31, 2019	Sep 30, 2019
Revenue (ttm)	US$ in thousands	1,117,793	1,206,801	1,327,505	1,350,661	1,296,105	1,216,506	1,171,259	1,134,452	1,103,793	1,100,623	1,066,015	1,024,318	989,353	920,965	877,599	903,377	925,180	965,663	1,008,491	996,267
Property, plant and equipment	US$ in thousands	43,744	47,254	47,598	46,336	46,448	45,230	45,711	47,952	49,578	49,365	52,117	52,878	55,004	56,116	55,974	55,995	58,813	62,961	67,938	70,613
Fixed asset turnover		25.55	25.54	27.89	29.15	27.90	26.90	25.62	23.66	22.26	22.30	20.45	19.37	17.99	16.41	15.68	16.13	15.73	15.34	14.84	14.11

June 30, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,117,793K ÷ $43,744K
= 25.55

The fixed asset turnover ratio for Extreme Networks Inc has fluctuated over the past few quarters, ranging from a low of 14.11 to a high of 29.15. In general, a higher fixed asset turnover indicates that the company is generating more revenue relative to its investment in fixed assets.

Looking at the trend, the fixed asset turnover ratio has shown an overall increasing trend, peaking at 29.15 in September 2023 before slightly decreasing in the subsequent quarters. This suggests that the company has been able to efficiently utilize its fixed assets to generate sales.

It is important to compare the fixed asset turnover ratio to industry benchmarks and historical data for Extreme Networks Inc to get a better understanding of its performance and efficiency in utilizing fixed assets. Additionally, further analysis of the company's operational efficiency, investment in fixed assets, and overall financial performance would provide more insights into the significance of the fixed asset turnover ratio movements.