Fortinet Inc (FTNT)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,955,800 | 5,304,800 | 4,417,400 | 3,342,200 | 2,594,400 |
| Property, plant and equipment | US$ in thousands | — | — | 898,500 | 687,600 | 448,000 |
| Fixed asset turnover | — | — | 4.92 | 4.86 | 5.79 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $5,955,800K ÷ $—K
= —
Fortinet Inc's fixed asset turnover ratio, which measures how efficiently the company generates revenue from its fixed assets, decreased from 5.79 in December 2020 to 4.86 in December 2021. This implies that the company generated less revenue for each dollar invested in fixed assets during this period. However, there was a slight improvement as the ratio increased to 4.92 in December 2022.
The lack of data for December 2023 and December 2024 prevents a comprehensive analysis of the trend beyond 2022. It would be important to monitor future fixed asset turnover ratios to assess Fortinet Inc's ability to effectively utilize its fixed assets to generate revenue. Further insights could be gained by comparing these ratios with industry benchmarks to gauge the company's performance relative to its peers.
Peer comparison
Dec 31, 2024