Liquidity Services Inc (LQDT)

Fixed asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	317,224	317,482	311,747	299,959	286,259	280,398	275,343	275,513	269,007	258,140	243,702	221,755	213,011	206,885	209,785	219,114	223,264	227,760	221,675	214,955
Property, plant and equipment	US$ in thousands	16,774	17,156	17,570	18,245	18,548	19,094	19,025	18,243	18,164	17,634	17,003	17,341	17,697	17,843	18,500	18,940	18,695	18,846	18,589	17,876
Fixed asset turnover		18.91	18.51	17.74	16.44	15.43	14.69	14.47	15.10	14.81	14.64	14.33	12.79	12.04	11.59	11.34	11.57	11.94	12.09	11.93	12.02

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $317,224K ÷ $16,774K
= 18.91

The fixed asset turnover of Liquidity Services Inc has shown a consistent upward trend over the past eight quarters. The company's ability to generate revenue from its fixed assets has been steadily improving, with a notable increase from 14.46 in Q3 2022 to 18.69 in Q1 2024, indicating that the company is becoming more efficient in utilizing its fixed assets to generate sales. This continuous improvement suggests that Liquidity Services Inc is effectively leveraging its investment in fixed assets to generate more revenue, which is a positive sign for the company's operational efficiency and profitability.