PTC Inc (PTC)

Fixed asset turnover

		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	Dec 31, 2019
Revenue (ttm)	US$ in thousands	2,232,988	2,118,576	2,106,443	2,036,814	1,972,671	1,913,566	1,856,952	1,849,196	1,844,311	1,850,753	1,824,465	1,780,355	1,753,119	1,670,686	1,580,139	1,458,146	1,384,554	1,327,312	1,278,925	1,229,995
Property, plant and equipment	US$ in thousands	75,187	77,535	81,811	85,389	88,391	89,180	92,003	95,142	98,101	90,815	92,897	96,848	100,237	93,659	97,260	98,278	101,499	101,617	104,147	105,171
Fixed asset turnover		29.70	27.32	25.75	23.85	22.32	21.46	20.18	19.44	18.80	20.38	19.64	18.38	17.49	17.84	16.25	14.84	13.64	13.06	12.28	11.70

September 30, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,232,988K ÷ $75,187K
= 29.70

Fixed asset turnover is a financial ratio that measures how efficiently a company is generating revenue from its fixed assets. The ratio is calculated by dividing net sales by average fixed assets. A higher fixed asset turnover indicates that the company is utilizing its fixed assets efficiently to generate sales.

Analyzing PTC Inc's fixed asset turnover over the past several quarters, we can see a general increasing trend from 11.70 in December 2019 to 29.70 in September 2024. This signifies that the company has been able to significantly improve its efficiency in generating revenue from its fixed assets over this period.

PTC Inc's fixed asset turnover has consistently been above 10, indicating that the company effectively uses its fixed assets to drive sales. The recent ratio of 29.70 in September 2024 suggests that for every dollar invested in fixed assets, PTC Inc generated $29.70 in sales during that period.

Overall, the trend of increasing fixed asset turnover for PTC Inc reflects positively on the company's operational efficiency and effective management of its fixed assets in generating revenue.