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.