Meta Platforms Inc. (META)

Fixed asset turnover

Dec 31, 2024 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
Revenue (ttm) US$ in thousands 163,810,000 155,720,000 149,140,000 141,953,000 134,089,000 126,404,000 120,105,000 117,039,000 116,352,000 117,959,000 119,255,000 119,510,000 117,773,000 112,186,000 104,646,000 94,256,000 85,823,000 78,849,000 75,031,000 73,231,000
Property, plant and equipment US$ in thousands 121,346,000 112,162,000 102,959,000 98,908,000 96,587,000 91,772,000 87,949,000 84,156,000 79,518,000 73,738,000 67,588,000 61,582,000 57,809,000 53,726,000 50,909,000 47,720,000 45,633,000 42,291,000 39,006,000 37,127,000
Fixed asset turnover 1.35 1.39 1.45 1.44 1.39 1.38 1.37 1.39 1.46 1.60 1.76 1.94 2.04 2.09 2.06 1.98 1.88 1.86 1.92 1.97

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $163,810,000K ÷ $121,346,000K
= 1.35

The fixed asset turnover ratio for Meta Platforms Inc. has exhibited some fluctuations over the analyzed periods. The ratio decreased from 1.97 as of March 31, 2020, to 1.76 as of June 30, 2022, indicating a decline in the company's ability to generate revenue based on its fixed assets.

Following the dip, there was a slight recovery in the ratio, reaching 2.09 as of September 30, 2021, suggesting an improvement in the efficiency of utilizing fixed assets to generate sales. However, the ratio declined again to 1.35 by December 31, 2024, indicating a decrease in the revenue generated per dollar invested in fixed assets.

Overall, Meta Platforms Inc.'s fixed asset turnover ratio has shown some volatility, which suggests varying levels of efficiency in utilizing fixed assets to generate revenue over the analyzed period.

See also:

Meta Platforms Inc. Net Fixed Asset Turnover (Quarterly Data)