Qualys Inc (QLYS)

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 607,946 593,325 581,454 569,580 554,458 540,737 524,302 506,986 489,723 468,654 448,027 427,836 411,172 396,193 384,328 373,456 362,963 352,826 342,428 332,527
Property, plant and equipment US$ in thousands — — — — — — 40,350 45,161 47,428 53,935 91,281 63,377 98,870 63,257 106,362 64,143 64,850 67,574 63,098 61,665
Fixed asset turnover — — — — — — 12.99 11.23 10.33 8.69 4.91 6.75 4.16 6.26 3.61 5.82 5.60 5.22 5.43 5.39

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $607,946K ÷ $—K
= —

Qualys Inc's fixed asset turnover ratio shows a fluctuating trend over the analyzed period. The ratio started at 5.39 in March 2020 and gradually improved to reach a peak of 12.99 in June 2023. This indicates that the company was generating more revenue relative to its fixed assets during this period.

However, in the subsequent quarters, the fixed asset turnover ratio dropped significantly to 8.69 in September 2023, and further decreased to 4.16 by December 2023. This decline suggests a potential inefficiency in utilizing fixed assets to generate revenue.

By June 2024, the fixed asset turnover ratio was not available. This may be due to missing data or a change in the company's financial reporting structure. Monitoring this ratio in future periods will be important to assess the company's ability to effectively leverage its fixed assets for revenue generation.