Grid Dynamics Holdings Inc (GDYN)

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	350,571	328,358	318,342	312,647	312,910	315,417	319,159	319,152	310,482	296,443	273,215	243,556	211,280	174,869	143,268	117,960	111,283	113,158	118,248	124,506
Property, plant and equipment	US$ in thousands	—	—	—	—	—	—	10,024	8,840	14,421	7,504	7,343	6,854	6,169	5,395	3,758	4,382	4,095	2,477	2,719	2,999
Fixed asset turnover		—	—	—	—	—	—	31.84	36.10	21.53	39.50	37.21	35.53	34.25	32.41	38.12	26.92	27.18	45.68	43.49	41.52

December 31, 2024 calculation

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

Fixed asset turnover is a financial ratio that measures how efficiently a company generates sales revenue from its fixed assets. In the case of Grid Dynamics Holdings Inc, the fixed asset turnover ratio has fluctuated over the specified periods.

From March 31, 2020, to June 30, 2021, the company experienced a steady increase in its fixed asset turnover, indicating improved efficiency in utilizing its fixed assets to generate revenue. However, from December 31, 2021, to March 31, 2022, there was a decline in the ratio, suggesting a potential decrease in asset utilization efficiency during that period.

The ratio rebounded in June 30, 2022, and continued to increase until September 30, 2023. However, the ratio dropped in December 31, 2023, and became unavailable for the subsequent periods, indicating potential changes in the company's fixed asset utilization that would require further investigation.

In conclusion, the trend in Grid Dynamics Holdings Inc's fixed asset turnover ratio reflects fluctuations in the company's ability to generate sales from its fixed assets efficiently. Analysts and stakeholders should monitor future financial reports to assess the company's asset management strategies and operational efficiency.