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.
Peer comparison
Dec 31, 2024