Liquidity Services Inc (LQDT)

Fixed asset turnover

		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	Dec 31, 2019
Revenue (ttm)	US$ in thousands	367,189	340,090	327,239	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
Property, plant and equipment	US$ in thousands	17,961	17,047	17,055	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
Fixed asset turnover		20.44	19.95	19.19	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

September 30, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $367,189K ÷ $17,961K
= 20.44

The fixed asset turnover ratio for Liquidity Services Inc has been gradually increasing over the past five years, with a notable spike in the most recent quarter. This indicates that the company is generating more revenue per dollar of fixed assets invested, reflecting improved operational efficiency in asset utilization. The consistent upward trend suggests effective management of fixed assets to drive sales, which is a positive sign for investors and stakeholders. Liquidity Services Inc's ability to optimize the use of its fixed assets to generate sales has been on a positive trajectory, showcasing the company's potential for growth and profitability in the long term.