Manhattan Associates Inc (MANH)

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	932,473	886,637	846,297	807,205	766,825	740,588	711,672	685,862	663,650	639,619	620,191	589,707	587,495	593,342	605,860	624,571	617,562	608,999	589,075	576,605
Property, plant and equipment	US$ in thousands	11,795	11,266	11,754	12,049	12,803	12,265	12,343	13,218	13,889	14,272	15,115	16,484	17,903	17,930	19,458	21,189	22,725	20,959	14,512	13,327
Fixed asset turnover		79.06	78.70	72.00	66.99	59.89	60.38	57.66	51.89	47.78	44.82	41.03	35.77	32.82	33.09	31.14	29.48	27.18	29.06	40.59	43.27

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $932,473K ÷ $11,795K
= 79.06

The fixed asset turnover ratio for Manhattan Associates, Inc. has been relatively stable over the past eight quarters, ranging from 51.88 to 78.87. This ratio measures how efficiently the company is generating revenue from its investment in fixed assets.

A higher fixed asset turnover indicates that the company is generating more revenue per dollar invested in fixed assets. In this case, Manhattan Associates, Inc. has consistently maintained a high fixed asset turnover, which suggests that the company is effectively utilizing its fixed assets to generate sales.

The data shows a positive trend in the fixed asset turnover ratio over the quarters, indicating that the company is becoming more efficient in generating revenue from its fixed assets. This may be a reflection of effective asset management or improved operational efficiency within the organization.

Overall, the consistent high fixed asset turnover of Manhattan Associates, Inc. demonstrates its ability to efficiently utilize its fixed assets to generate revenue, which is a positive indicator of the company's operational efficiency and profitability.