Godaddy Inc (GDDY)

Fixed asset turnover

		Dec 31, 2024	Sep 30, 2024	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
Revenue (ttm)	US$ in thousands	4,569,600	4,477,300	4,400,100	4,325,000	4,254,100	4,193,700	4,157,200	4,124,600	4,091,300	4,070,700	4,001,500	3,917,300	3,815,700	3,670,300	3,550,700	3,425,800	3,316,700	3,223,200	3,139,300	3,070,100
Property, plant and equipment	US$ in thousands	—	—	—	—	—	266,200	206,600	216,000	225,600	213,600	315,900	222,600	329,200	350,700	370,000	246,500	257,300	246,700	248,800	254,400
Fixed asset turnover		—	—	—	—	—	15.75	20.12	19.10	18.14	19.06	12.67	17.60	11.59	10.47	9.60	13.90	12.89	13.07	12.62	12.07

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,569,600K ÷ $—K
= —

Fixed asset turnover is a financial metric that measures a company's ability to generate revenue from its investment in fixed assets. It indicates how efficiently the company is utilizing its fixed assets to generate sales.

Analyzing the fixed asset turnover of Godaddy Inc over the provided periods shows fluctuations in the efficiency of their fixed asset utilization. The trend shows an improvement from the 1st quarter of 2020 to the 1st quarter of 2023, with a peak value of 20.12 in June 30, 2023. This indicates that the company was generating more revenue relative to its investment in fixed assets during this period.

However, in the subsequent quarters, there was a decline in fixed asset turnover, dropping to 15.75 in September 30, 2023. While experiencing some variability, the metric remained relatively high compared to the earlier years.

The lack of data for the periods beyond December 31, 2023, prevents a complete analysis of the company's fixed asset turnover in the future. On the surface, there appears to be a mix of strong efficiency and potential challenges in utilizing fixed assets effectively, which may require further investigation and analysis to understand the underlying reasons.