Alphabet Inc Class C (GOOG)

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	348,853,000	338,527,000	326,485,000	316,133,000	305,445,000	294,667,000	287,780,000	283,140,000	281,513,000	282,362,000	277,870,000	270,007,000	257,262,000	238,240,000	219,442,000	195,859,000	181,704,000	171,155,000	165,528,000	166,276,000
Property, plant and equipment	US$ in thousands	171,036,000	161,270,000	151,155,000	143,182,000	134,345,000	125,705,000	121,208,000	117,560,000	112,668,000	108,363,000	106,223,000	104,218,000	97,599,000	94,631,000	91,697,000	87,606,000	84,749,000	81,636,000	78,748,000	87,966,000
Fixed asset turnover		2.04	2.10	2.16	2.21	2.27	2.34	2.37	2.41	2.50	2.61	2.62	2.59	2.64	2.52	2.39	2.24	2.14	2.10	2.10	1.89

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $348,853,000K ÷ $171,036,000K
= 2.04

The fixed asset turnover ratio for Alphabet Inc Class C has shown a generally increasing trend over the past few years, indicating the company's ability to generate revenue from its fixed assets efficiently.

Starting at 1.89 as of March 31, 2020, the ratio steadily increased to 2.64 by December 31, 2021. This peak was followed by a slight dip to 2.37 as of June 30, 2023, before starting to trend downwards.

As of December 31, 2024, the fixed asset turnover ratio stands at 2.04, which is still relatively high and suggests that Alphabet Inc Class C is effectively utilizing its fixed assets to support revenue generation.

Overall, the company's consistent improvement in fixed asset turnover reflects its operational efficiency in utilizing its fixed assets to drive revenue growth.