Grid Dynamics Holdings Inc (GDYN)

Fixed asset turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Revenue US$ in thousands 350,571 312,910 310,482 211,280 111,283
Property, plant and equipment US$ in thousands 14,421 6,169 4,095
Fixed asset turnover 21.53 34.25 27.18

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $350,571K ÷ $—K
= —

Grid Dynamics Holdings Inc's fixed asset turnover ratio has exhibited variability over the years based on the provided data. The fixed asset turnover ratio measures the efficiency with which a company generates revenue from its investments in fixed assets.

In 2020, the company had a strong fixed asset turnover ratio of 27.18, indicating that it generated $27.18 in revenue for every $1 invested in fixed assets during that year.

The ratio increased significantly to 34.25 in 2021, suggesting that the company further improved its efficiency in generating revenue from its fixed assets.

However, there was a notable decline in the fixed asset turnover ratio to 21.53 in 2022, indicating a potential decrease in efficiency in utilizing fixed assets to generate revenue.

Unfortunately, the data is missing for the years 2023 and 2024, preventing a complete analysis of the trend in fixed asset turnover for those years.

Overall, fluctuations in the fixed asset turnover ratio may reflect changes in the company's operational efficiency, investment strategies, or asset utilization. It is important for the company to closely monitor and manage its fixed asset turnover to ensure optimal utilization of its fixed assets for revenue generation.