ePlus inc (PLUS)
Fixed asset turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,225,300 | 2,067,720 | 1,821,020 | 1,568,320 | 1,588,400 |
| Property, plant and equipment | US$ in thousands | 12,935 | 11,933 | 7,911 | 7,388 | 7,153 |
| Fixed asset turnover | 172.04 | 173.28 | 230.19 | 212.28 | 222.06 |
March 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,225,300K ÷ $12,935K
= 172.04
ePlus inc's fixed asset turnover ratio has shown a fluctuating trend over the past five years. The ratio indicates how efficiently the company is generating sales revenue from its investment in fixed assets.
In the latest fiscal year ending March 31, 2024, ePlus inc achieved a fixed asset turnover ratio of 172.04, representing a slight decrease from the previous year's ratio of 173.28. This decline could suggest a slight decrease in the efficiency of generating sales from fixed assets compared to the prior year.
However, when compared to two years ago, the company's performance has declined more significantly. The fixed asset turnover ratio in the fiscal year ending March 31, 2022, was 230.19, indicating a higher efficiency in utilizing fixed assets to generate sales compared to the more recent years.
This fluctuation in the fixed asset turnover ratio may imply variations in sales performance relative to the investment in fixed assets over the years. Further analysis of the company's operational and financial activities is necessary to understand the underlying reasons for these fluctuations and to assess the effectiveness of ePlus inc's asset utilization strategies.
Peer comparison
Mar 31, 2024