N-Able Inc (NABL)

Fixed asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	464,013	458,053	449,178	435,811	421,880	409,220	395,180	380,727	371,769	365,517	360,413	354,126	346,456	336,833	324,709	312,793	302,871
Property, plant and equipment	US$ in thousands	—	—	—	—	—	66,390	38,302	37,061	37,404	70,304	36,451	37,481	74,954	33,254	61,366	32,706	—
Fixed asset turnover		—	—	—	—	—	6.16	10.32	10.27	9.94	5.20	9.89	9.45	4.62	10.13	5.29	9.56	—

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $464,013K ÷ $—K
= —

Fixed asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its investments in fixed assets, such as property, plant, and equipment. A higher fixed asset turnover ratio indicates that the company is utilizing its fixed assets more efficiently to generate revenue.

Based on the provided data for N-Able Inc, the fixed asset turnover ratio fluctuated over the period analyzed. It was not calculable for December 31, 2020, and ranged from a low of 4.62 on December 31, 2021, to a high of 10.32 on June 30, 2023. This indicates some variability in how effectively the company was utilizing its fixed assets to generate sales during the period.

The trend in the fixed asset turnover ratio shows some periods of improvement, such as the increase from 5.29 on June 30, 2021, to 10.13 on September 30, 2021. However, there were also declines in efficiency, as seen in the decrease from 10.27 on March 31, 2023, to 6.16 on September 30, 2023.

Overall, it is important for N-Able Inc to closely monitor its fixed asset turnover ratio to ensure that its investments in fixed assets are generating sufficient sales revenue. A consistent and high fixed asset turnover ratio is indicative of efficient asset utilization and can contribute to the company's profitability and financial performance.