Godaddy Inc (GDDY)

Fixed asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	4,111,400	4,047,500	4,019,100	3,989,900	3,960,900	3,947,400	3,876,300	3,792,100	3,694,000	3,553,000	3,441,500	3,329,900	3,228,400	3,161,000	3,078,500	2,991,300	2,905,200	2,820,600	2,736,600	2,662,800
Property, plant and equipment	US$ in thousands	185,300	198,700	206,600	216,000	225,600	213,600	222,300	222,600	220,000	228,500	241,800	246,500	257,300	246,700	248,800	254,400	258,600	255,400	260,100	270,000
Fixed asset turnover		22.19	20.37	19.45	18.47	17.56	18.48	17.44	17.04	16.79	15.55	14.23	13.51	12.55	12.81	12.37	11.76	11.23	11.04	10.52	9.86

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,111,400K ÷ $185,300K
= 22.19

Fixed asset turnover is an important financial ratio that indicates how efficiently a company is generating revenue from its fixed assets. A higher fixed asset turnover ratio suggests that the company is effectively utilizing its fixed assets to generate sales.

Analyzing the fixed asset turnover ratio of Godaddy Inc over the past eight quarters, we can observe a generally increasing trend, indicating an improvement in the company's efficiency in utilizing its fixed assets to generate revenue. The fixed asset turnover ratio ranged from 17.60 to 22.96 during this period.

The ratio values consistently above 1 indicate that Godaddy Inc is generating more revenue for each unit of fixed assets it owns. The significant increase in the fixed asset turnover ratio from Q1 2022 to Q4 2023 suggests that the company has been more successful in generating sales relative to its investment in fixed assets.

Overall, the trend in Godaddy Inc's fixed asset turnover ratio demonstrates the company's efficiency in utilizing its fixed assets to drive revenue growth and indicates positive operational performance in terms of asset management.