Manhattan Associates Inc (MANH)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,048,890 | 932,692 | 769,284 | 664,197 | 585,552 |
| Property, plant and equipment | US$ in thousands | 13,971 | 11,795 | 12,803 | 13,889 | 17,903 |
| Fixed asset turnover | 75.08 | 79.08 | 60.09 | 47.82 | 32.71 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,048,890K ÷ $13,971K
= 75.08
The fixed asset turnover ratio for Manhattan Associates Inc has shown a consistent upward trend over the past five years. It increased from 32.71 in December 31, 2020, to 47.82 in December 31, 2021, further rising to 60.09 in December 31, 2022, and reaching 79.08 in December 31, 2023. However, there was a slight decrease to 75.08 in December 31, 2024.
This trend indicates that the company has been able to generate more revenue relative to its investment in fixed assets. A higher fixed asset turnover ratio suggests that Manhattan Associates Inc is effectively utilizing its fixed assets to generate sales, which can be an indicator of operational efficiency. It also implies that the company is efficient in managing and utilizing its property, plant, and equipment to drive revenue growth.
Peer comparison
Dec 31, 2024