Match Group Inc (MTCH)
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 | 3,364,504 | 3,284,429 | 3,212,375 | 3,177,336 | 3,188,843 | 3,208,760 | 3,201,049 | 3,114,296 | 2,983,277 | 2,828,614 | 2,666,549 | 2,514,239 | 2,391,269 | 2,287,029 | 2,188,752 | 2,131,275 | 2,051,258 | 2,621,291 | 3,158,978 | 3,730,045 |
| Property, plant and equipment | US$ in thousands | 194,525 | 190,672 | 191,125 | 187,295 | 176,136 | 172,192 | 168,761 | 167,676 | 163,256 | 145,652 | 129,916 | 106,957 | 107,799 | 106,006 | 101,647 | 373,561 | 101,065 | 361,664 | 361,550 | 325,888 |
| Fixed asset turnover | 17.30 | 17.23 | 16.81 | 16.96 | 18.10 | 18.63 | 18.97 | 18.57 | 18.27 | 19.42 | 20.53 | 23.51 | 22.18 | 21.57 | 21.53 | 5.71 | 20.30 | 7.25 | 8.74 | 11.45 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,364,504K ÷ $194,525K
= 17.30
The fixed asset turnover ratio for Match Group Inc. has been consistent over the past four quarters, ranging from 16.81 to 17.30. This indicates that the company generated approximately $17 in revenue for every dollar invested in fixed assets during these periods. The trend shows a slight decrease in the most recent quarter from Q3 2023 to Q4 2023, possibly suggesting a potential decline in the efficiency of utilizing fixed assets to generate sales. However, Match Group Inc.'s fixed asset turnover remains relatively high and stable, reflecting efficient management of fixed assets to drive revenue generation. This ratio provides insight into the company's operational efficiency and effectiveness in utilizing its fixed assets to generate sales.
Peer comparison
Dec 31, 2023