F5 Networks Inc (FFIV)

Fixed asset turnover

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Revenue	US$ in thousands	2,822,220	2,827,870	2,717,440	2,616,420	2,361,020
Property, plant and equipment	US$ in thousands	150,943	170,422	168,182	191,164	229,239
Fixed asset turnover		18.70	16.59	16.16	13.69	10.30

September 30, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,822,220K ÷ $150,943K
= 18.70

The fixed asset turnover ratio for F5 Networks Inc has shown a consistent increasing trend over the past five years, indicating that the company has been generating more revenue relative to its investment in fixed assets.

In particular, the ratio has steadily increased from 10.30 in 2020 to 18.70 in 2024, reflecting a significant improvement in the efficiency of utilizing its fixed assets to generate sales.

This upward trajectory suggests that F5 Networks Inc has been able to generate increased revenue from its existing base of fixed assets, which is a positive indicator of operational efficiency and asset utilization within the company.

Overall, the improving fixed asset turnover ratio exhibits F5 Networks Inc's ability to efficiently leverage its fixed assets in generating revenue over the years.