Genpact Limited (G)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,476,890 | 4,371,170 | 4,022,210 | 3,709,380 | 3,520,540 |
| Property, plant and equipment | US$ in thousands | 189,803 | 180,758 | 215,089 | 231,122 | 254,035 |
| Fixed asset turnover | 23.59 | 24.18 | 18.70 | 16.05 | 13.86 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $4,476,890K ÷ $189,803K
= 23.59
Fixed asset turnover measures the efficiency of a company in generating revenue from its investments in fixed assets. A higher fixed asset turnover ratio indicates that the company is utilizing its fixed assets more effectively to generate sales.
Over the past five years, Genpact Ltd's fixed asset turnover ratio has demonstrated an increasing trend, indicating improvements in the company's efficiency in generating revenue from its fixed assets. In 2023, the fixed asset turnover ratio reached 23.59, showing that the company generated $23.59 in revenue for every dollar invested in fixed assets.
The consistent improvement in the fixed asset turnover ratio reflects positively on Genpact Ltd's operational efficiency and effective utilization of its fixed assets to drive revenue growth. This trend suggests that the company has been successful in optimizing its asset base to support its business operations and maximize sales productivity.
Peer comparison
Dec 31, 2023