Liquidity Services Inc (LQDT)

Fixed asset turnover

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Revenue	US$ in thousands	317,498	280,423	258,046	207,151	227,988
Property, plant and equipment	US$ in thousands	17,156	19,094	17,634	17,843	18,846
Fixed asset turnover		18.51	14.69	14.63	11.61	12.10

September 30, 2023 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $317,498K ÷ $17,156K
= 18.51

The fixed asset turnover ratio of Liquidity Services Inc has shown a consistent upward trend over the past five years. In 2023, the ratio reached 18.33, indicating a significant improvement from the previous year's 14.67. This suggests that the company generated $18.33 in sales for every dollar of fixed assets invested, reflecting enhanced operational efficiency in utilizing its fixed assets to generate revenue. This improvement may be attributed to increased productivity and effective utilization of fixed assets to drive sales. Overall, the upward trend in fixed asset turnover reflects positive operational management and potential for continued growth and profitability.