Qualys Inc (QLYS)

Fixed asset turnover

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 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Revenue (ttm) US$ in thousands 554,458 540,737 524,302 506,986 489,723 468,654 448,027 427,836 411,172 396,193 384,328 373,456 362,963 352,826 342,428 332,527 321,607 311,143 300,130 289,354
Property, plant and equipment US$ in thousands 32,599 36,160 40,350 45,161 47,428 53,935 57,830 63,377 61,854 63,257 65,959 64,143 64,850 67,574 63,098 64,850 60,579 58,705 59,359 60,486
Fixed asset turnover 17.01 14.95 12.99 11.23 10.33 8.69 7.75 6.75 6.65 6.26 5.83 5.82 5.60 5.22 5.43 5.13 5.31 5.30 5.06 4.78

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $554,458K ÷ $32,599K
= 17.01

Qualys Inc's fixed asset turnover has shown a consistent upward trend over the past eight quarters, indicating an improvement in the company's efficiency in generating revenue from its fixed assets. The fixed asset turnover ratio has increased from 6.75 in Q1 2022 to 17.01 in Q4 2023, reflecting a significant enhancement in the company's utilization of its fixed assets to generate sales. This improvement suggests that Qualys Inc has been more effective in managing and utilizing its fixed assets to drive revenue growth. Overall, the increasing trend in fixed asset turnover is a positive indication of the company's operational efficiency and asset utilization.


Peer comparison

Dec 31, 2023