N-Able Inc (NABL)

Fixed asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	US$ in thousands	420,409	371,392	344,291
Property, plant and equipment	US$ in thousands	36,838	37,404	38,748
Fixed asset turnover		11.41	9.93	8.89

December 31, 2023 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $420,409K ÷ $36,838K
= 11.41

Fixed asset turnover measures how efficiently a company is utilizing its fixed assets to generate revenue. N-Able Inc's fixed asset turnover has been improving over the past three years, with values of 8.89 in 2021, 9.93 in 2022, and 11.41 in 2023. This indicates that the company is generating more revenue per dollar of fixed assets invested, which is a positive trend. The increasing values suggest that N-Able Inc has been effectively utilizing its fixed assets to drive sales growth. Overall, the company's fixed asset turnover performance reflects improving efficiency in utilizing its fixed assets to generate revenue.