Insperity Inc (NSP)

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	6,458,730	6,369,930	6,261,170	6,112,150	5,924,610	5,729,730	5,502,310	5,256,290	4,965,620	4,730,930	4,529,360	4,337,107	4,278,987	4,299,447	4,334,627	4,385,160	4,309,370	4,201,036	4,083,718	3,963,225
Property, plant and equipment	US$ in thousands	197,424	190,672	192,829	196,382	199,992	196,601	199,322	205,064	210,723	212,322	219,611	220,262	216,256	196,210	177,762	160,297	147,706	134,956	120,828	116,131
Fixed asset turnover		32.72	33.41	32.47	31.12	29.62	29.14	27.61	25.63	23.56	22.28	20.62	19.69	19.79	21.91	24.38	27.36	29.18	31.13	33.80	34.13

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $6,458,730K ÷ $197,424K
= 32.72

Insperity Inc's fixed asset turnover has shown a consistent upward trend over the past eight quarters, reflecting the company's ability to generate revenue relative to its investment in fixed assets. The increasing values from Q1 2022 to Q4 2023 indicate that the company is utilizing its fixed assets more efficiently to drive sales. The average fixed asset turnover ratio over these quarters is 30.82, indicating that, on average, Insperity generates $30.82 in revenue for every $1 invested in fixed assets. This trend suggests that the company is effectively managing its fixed assets to generate revenue and may be improving operational efficiency over time.