N-Able Inc (NABL)

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
Revenue (ttm)	US$ in thousands	423,324	410,532	396,492	382,039	373,927	365,298	360,194	353,907
Property, plant and equipment	US$ in thousands	36,838	36,220	38,302	37,061	37,404	37,271	36,451	37,481	38,748	33,254	27,787
Fixed asset turnover		11.49	11.33	10.35	10.31	10.00	9.80	9.88	9.44

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $423,324K ÷ $36,838K
= 11.49

Fixed asset turnover is a financial ratio that indicates how efficiently a company is generating revenue from its fixed assets. A higher fixed asset turnover ratio suggests that a company is utilizing its fixed assets effectively to generate sales.

In the case of N-Able Inc, the fixed asset turnover ratio has been consistently increasing over the past few quarters, indicating an improvement in the company's efficiency in generating sales from its fixed assets. The trend of increasing fixed asset turnover is a positive sign, as it suggests that the company is making better use of its fixed assets to drive revenue growth.

With a fixed asset turnover ratio ranging from 9.44 to 11.49 in the recent quarters, N-Able Inc is efficiently utilizing its fixed assets to generate sales. This demonstrates that the company is effectively managing its fixed assets to maximize productivity and revenue generation.

Overall, the increasing trend in fixed asset turnover for N-Able Inc reflects positively on the company's operational efficiency and effective utilization of its fixed assets to drive revenue growth.