Match Group Inc (MTCH)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,364,500 | 3,188,840 | 2,983,280 | 2,391,270 | 2,051,260 |
| Property, plant and equipment | US$ in thousands | 194,525 | 176,136 | 163,256 | 107,799 | 101,065 |
| Fixed asset turnover | 17.30 | 18.10 | 18.27 | 22.18 | 20.30 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,364,500K ÷ $194,525K
= 17.30
The fixed asset turnover ratio measures how efficiently a company generates revenue from its fixed assets. A higher ratio indicates better utilization of fixed assets to generate sales.
Looking at the trend for Match Group Inc. over the past five years, we can observe fluctuations in the fixed asset turnover ratio. In 2023, the ratio decreased to 17.30 from 18.10 in 2022, indicating a slight decline in the company's ability to generate sales from its fixed assets. Despite this, the ratio remains relatively high, suggesting that Match Group Inc. is still efficiently using its fixed assets to generate revenue.
Compared to 2021 and 2020, where the ratio was 18.27 and 22.18 respectively, the current ratio in 2023 is lower, indicating a potential decrease in asset utilization efficiency over the years. However, it is worth noting that the ratio is significantly higher than the 2019 figure of 12.81, showing an overall improvement in utilizing fixed assets to generate revenue.
Further analysis is needed to understand the factors contributing to the fluctuations in the fixed asset turnover ratio for Match Group Inc. Such analysis could help identify areas of improvement in asset management and efficiency to enhance the company's overall financial performance.
Peer comparison
Dec 31, 2023