N-Able Inc (NABL)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	462,627	421,880	371,769	346,456	302,871
Property, plant and equipment	US$ in thousands	—	—	37,404	74,954	33,287
Fixed asset turnover		—	—	9.94	4.62	9.10

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $462,627K ÷ $—K
= —

The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate sales. Looking at the data provided for N-Able Inc, we observe a significant fluctuation in the fixed asset turnover ratio over the years.

In December 2020, the fixed asset turnover stood at a robust 9.10, indicating that the company generated $9.10 in sales for every dollar invested in fixed assets. This suggests a high level of efficiency in utilizing its fixed assets to generate revenue.

However, by December 2021, the fixed asset turnover ratio decreased to 4.62, signifying a decline in efficiency in generating sales from fixed assets. This drop could be attributed to various factors, such as changes in asset utilization or a slowdown in sales growth.

The ratio then improved significantly to 9.94 by December 2022, surpassing the initial ratio in 2020. This increase suggests that the company enhanced its efficiency in utilizing fixed assets to drive revenue generation.

The data for December 2023 and December 2024 is not available, denoted by "—". It is crucial to note the absence of data for these years, as it limits our ability to assess the company's fixed asset turnover performance during these periods.

Overall, the fluctuating trend in N-Able Inc's fixed asset turnover ratio indicates variations in the company's ability to efficiently utilize its fixed assets to generate sales over the years. Additional information and analysis would be needed to understand the underlying reasons for these fluctuations and to assess the company's long-term operational efficiency.