Qualys Inc (QLYS)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	607,571	554,458	489,723	411,172	362,963
Property, plant and equipment	US$ in thousands	—	—	47,428	98,870	64,850
Fixed asset turnover		—	—	10.33	4.16	5.60

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $607,571K ÷ $—K
= —

The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate sales. Looking at the data provided for Qualys Inc, we can see a trend in the fixed asset turnover ratio over the years:

- In December 31, 2020, the fixed asset turnover ratio was 5.60, indicating that for every dollar of fixed assets, Qualys generated $5.60 in sales.
- By December 31, 2021, the fixed asset turnover ratio decreased to 4.16, suggesting a slight decrease in efficiency in utilizing fixed assets to generate sales.
- However, there was a significant improvement in efficiency by December 31, 2022, with the fixed asset turnover ratio increasing to 10.33. This sharp increase signifies a more effective use of fixed assets to generate sales.
- Unfortunately, there is missing data for December 31, 2023, which makes it challenging to assess the trend during that specific year.
- Additionally, there is missing data for December 31, 2024, therefore, limiting a complete analysis for that year.

Overall, based on the available data, Qualys Inc showed variations in its fixed asset turnover ratio, with fluctuations in efficiency observed over the years. It would be important to investigate the reasons behind these fluctuations to better understand the company's performance in utilizing its fixed assets.