ePlus inc (PLUS)
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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,753,955 | 1,752,045 | 2,191,665 | 2,222,602 | 2,163,018 | 2,277,439 | 2,183,534 | 2,067,718 | 2,027,060 | 1,898,418 | 1,862,729 | 1,821,019 | 1,722,107 | 1,654,877 | 1,629,941 | 1,568,323 | 1,582,192 | 1,583,579 | 1,562,063 | 1,588,404 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 70,794 | 26,533 | 55,371 | 55,033 | 45,888 | 14,811 | 46,215 | 43,895 | 41,282 | 16,151 | 43,387 | 18,327 | 20,256 | 20,219 |
| Fixed asset turnover | — | — | — | — | — | — | 30.84 | 77.93 | 36.61 | 34.50 | 40.59 | 122.95 | 37.26 | 37.70 | 39.48 | 97.10 | 36.47 | 86.41 | 77.12 | 78.56 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,753,955K ÷ $—K
= —
The fixed asset turnover ratio is a measure of how efficiently a company is utilizing its fixed assets to generate revenue. It indicates the company's ability to generate sales using its investment in fixed assets such as property, plant, and equipment.
Looking at the data provided for ePlus inc, we can see that the fixed asset turnover ratio has varied over the quarters. In March 2020, the ratio was quite high at 78.56, indicating that the company was generating a high level of sales relative to its investment in fixed assets. The ratio remained relatively high in the subsequent quarters, suggesting continued efficiency in asset utilization.
However, the ratio experienced a significant drop in December 2020 to 36.47, which may indicate a decline in sales relative to the company's investment in fixed assets during that period. The ratio fluctuated in the following quarters but generally stayed below the levels seen in early 2020.
In March 2022, the fixed asset turnover ratio spiked at 122.95, suggesting a significant improvement in asset efficiency and revenue generation. Subsequently, the ratio decreased but remained above the levels observed in the latter half of 2020 and early 2021.
The most recent available data for ePlus inc shows in March 2024, the fixed asset turnover is not available. It could indicate that the company may not have reported its financial results for that period yet.
Overall, the trend in ePlus inc's fixed asset turnover ratio indicates fluctuations in the company's efficiency in generating sales from its fixed assets over the quarters. Investors and analysts may want to further investigate the factors contributing to these fluctuations to assess the company's operational performance and asset utilization.
Peer comparison
Dec 31, 2024