PTC Inc (PTC)

Fixed asset turnover

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Revenue	US$ in thousands	2,299,910	1,970,280	1,874,120	1,753,120	1,384,550
Property, plant and equipment	US$ in thousands	75,187	88,391	98,101	100,237	101,499
Fixed asset turnover		30.59	22.29	19.10	17.49	13.64

September 30, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,299,910K ÷ $75,187K
= 30.59

The fixed asset turnover ratio for PTC Inc has shown a consistent increasing trend over the past five years, reflecting the company's ability to generate revenue from its investment in fixed assets. The ratio has improved from 13.64 in 2020 to 30.59 in 2024, indicating that the company is utilizing its fixed assets more efficiently to generate sales. This increase suggests that PTC Inc has been able to optimize its asset utilization and improve operational efficiency over the years. It is important to note that a higher fixed asset turnover ratio is generally considered favorable as it indicates higher productivity and better management of fixed assets. This upward trend in fixed asset turnover for PTC Inc is a positive indicator of the company's operational performance and financial health.