Godaddy Inc (GDDY)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,573,200 | 4,254,100 | 4,091,300 | 3,815,700 | 3,316,700 |
| Property, plant and equipment | US$ in thousands | — | — | 225,600 | 329,200 | 257,300 |
| Fixed asset turnover | — | — | 18.14 | 11.59 | 12.89 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $4,573,200K ÷ $—K
= —
The fixed asset turnover ratio measures the efficiency of a company in generating revenue from its investment in fixed assets. In the case of Godaddy Inc, the fixed asset turnover has shown some fluctuations over the years.
From December 31, 2020, to December 31, 2021, the ratio decreased from 12.89 to 11.59, indicating a decline in the company's ability to generate revenue from its fixed assets. However, there was a significant improvement in efficiency as the ratio increased to 18.14 by December 31, 2022, suggesting that Godaddy Inc was able to generate more revenue relative to its investment in fixed assets.
It is worth noting that the data for December 31, 2023, and December 31, 2024 is not available (indicated by "—"), which makes it challenging to provide a complete analysis for those years.
Overall, the trend in Godaddy Inc's fixed asset turnover ratio shows some fluctuations, with an improvement in efficiency in 2022. Future data is required to assess whether this trend will continue or if there are underlying factors influencing the company's performance in utilizing its fixed assets effectively.
Peer comparison
Dec 31, 2024