ePlus inc (PLUS)
Fixed asset turnover
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,700,308 | 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 |
| 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 |
| 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 |
March 31, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,700,308K ÷ $—K
= —
The fixed asset turnover ratio measures how effectively a company is utilizing its fixed assets to generate revenue. A higher fixed asset turnover ratio indicates that the company is more efficient in generating sales from its investments in fixed assets.
Analyzing the fixed asset turnover for ePlus inc over the given period, we observe fluctuations in the ratio:
- The ratio was exceptionally high at 122.95 for March 31, 2022, indicating a significant increase in revenue generated by the fixed assets during that period.
- The ratio then decreased to 30.84 for June 30, 2023, showing a decline in the efficiency of utilizing fixed assets to generate revenue.
- For the subsequent periods, the ratios remained at lower levels around 30 to 40, indicating a relatively lower efficiency in utilizing fixed assets compared to the earlier periods of exceptionally high ratios.
It is important for ePlus inc to closely monitor and analyze the fluctuations in the fixed asset turnover ratio to ensure optimal utilization of fixed assets and improve operational efficiency.
Peer comparison
Mar 31, 2025